[Industry News]: Expand unilateral opening up

[Expand unilateral opening up Ministry of Commerce: Zero tariffs on 100% of tax items and products in these countries] At the press conference of the State Council Information Office held today (23rd), the relevant person in charge of the Ministry of Commerce said that many measures will be taken to expand unilateral opening to least developed countries. Tang Wenhong introduced that starting from December 1, 2024, a preferential tax rate of zero tariff rate will be applied to 100% of the tax items originating in the least developed countries that have established diplomatic relations with China. The Ministry of Commerce will work with relevant departments to support relevant least developed countries make good use of this preferential arrangement. At the same time, we will actively play the role of a green channel for African products to be exported to China, carry out skills training and other methods, support the development of cross-border e-commerce enterprises and cultivate new trade momentum; hold exhibitions such as the China Import Expo to provide high-quality specialty products from the least developed countries to enter the China market, connect the world market, and build platforms and bridges. (Cailian)