China announces zero-tariff treatment for LDCs with diplomatic ties

Effective from December 1 this year, the treatment aims at expanding unilateral opening to these LDCs and foster bilateral development, a statement by the commission said.

For products subject to tariff quota administration, goods within the quota will enjoy zero tariffs, while tariff rates on goods exceeding that will stay unchanged, according to a state-run media outlet.

ALCHEMPro News Desk (DS)