Hey there! Have you heard the big news? 😊 China has decided to remove tariffs for some of the world’s poorest countries. But what does that mean?
Well, tariffs are like taxes that countries add to goods coming from other places. By removing these tariffs, China is making it easier and cheaper for these countries to sell their products to China.
Starting December 1st, China is helping 33 African countries and other Least Developed Countries (LDCs) by not charging these extra fees. This is a big step! It shows that China wants to help these countries grow and develop.
People like Christopher Mutsvangwa from Zimbabwe say this will help increase trade between China and Africa. Lefu Mokaoane from Lesotho believes it will create jobs and boost the economy in countries like his.
Isn’t it great when countries work together to help each other? Let’s hope this brings positive changes for everyone involved! 🤝
Reference(s):
cgtn.com
