China has introduced a zero percent tariff policy for imports from about 53 African countries excluding Eswatini due to her ties with Taiwan.This move will see African goods penetrating the Chinese market without any import duty which will translate to making goods coming from the African, market cheaper and more competitive with those of china in the Chinese market.With these policy coming to effect from the first of May agricultural goods such as Cocoa,Coffee, yam,Fruits including Natural resources and raw materials will be free from paying any form of import duty making these products more cheaper accessing the Chinese market.
But the big question that came to my mind when I first saw this News was, why is China doing this.This is a strategic and well calculated move by China to strengthen trade ties with Africa and continue to have more footing and influence in the African market, there by position itself as a major partner of the Global South which will translate to expanding Chinese global dominance agenda.
But one shocking revelation that I found out is that, even with these zero tariffs Africa still exports less to China than it imports from China annually, so China is not stupid but this is strategic in nature, and has a goal that they intend to achieve. This is a good and welcome development but it will have little impact on the African continent this is because until African countries improve in the areas of production, infrastructure, and industrial development which will see African countries move closer to the part of industrialization exporting cars, smart phones, engine and even technology to China and to the rest of the world. Until that is done these types of moves will not translate to real success as it will be seen by country such as America as another plot from China to lay more hold on Africa which is the battle ground for the next world order. Forgive me if my views differs from the aim of this deal but am only a concerned Africa speaking.
https://www.legit.ng/business-economy/economy/1708128-china-grants-nigeria-52-african-nations-tariff-access-imports-2028/Why? The answer is extremely simple: to make these countries as dependent on China as possible. Let’s start with the fact that in developing or Third World countries, China is trying to build "economic colonies"-or, to put it more simply, "colonize these countries without military intervention".
It’s easy to verify this; here are a couple of facts that are easy to check:
1. China’s economy cannot survive without exports. It is export-oriented.
2. The loss of key markets following a confrontation with the West would create enormous economic problems.
3. Developing countries and second/third world countries CAN import huge volumes of goods from China, thereby saving China’s economy from collapse.
4. It is necessary to show a "friendly gesture" and "honest relations". China is "lowering tariffs"
5. In reality, China is not lowering tariffs. As you have noticed-in fact, everything on which China has "lowered tariffs" is either natural resources or products in high demand on the markets (coffee, cocoa-products that may soon become scarce). In other words, China is essentially reducing its procurement costs; at the same time, take a look at the supply contracts-they contain very strict, very strict obligations for suppliers, and exorbitant penalties.
6. And the key indicator: look at the trade balance between China and any of these countries, and you’ll see who benefits and who is the underdog.
P.S. I always recommend studying Sri Lanka’s experience before passing judgment on "Chinese friendship"....