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China expands zero-tariff access to African markets
China has expanded its zero-tariff policy to include 20 additional African countries, providing preferential market access for goods that meet specific rules of origin. While the policy aims to promote high-quality Belt and Road cooperation, analysts warn of potential long-term economic implications for African nations.
In South Sudan, Ambassador Ma Qiang noted that the policy, which took effect on 1 May, is expected to increase the presence of South Sudanese products in the Chinese market. The expansion follows previous arrangements that covered 33 least-developed African countries.
However, economic analysts suggest that while countries like Ghana may see rising export figures in sectors such as cocoa, minerals, and manufactured goods, there is a risk regarding the ownership of value. There are concerns that Chinese investment in African processing plants, industrial parks, and logistics could lead to Chinese interests controlling the technology, brands, and profits, even if the goods are certified as being of African origin. Additionally, there is a risk that these incentives could divert investment away from the African Continental Free Trade Area (AfCFTA) and toward Chinese-centric trade routes.