Tag: Free Trade zones

China announces duty-free trade to all African countries

Aminu Imam
China on trade

…Says ‘It’s now zero tariff’ In a sweeping policy change, China has unveiled plans to scrap tariffs on all imports from African nations, with which it maintains diplomatic ties, broadening a previous trade arrangement that only applied to the continent’s least-developed countries. Chinese President, Xi Jinping announced the expansion in a letter addressed to African foreign ministers, declaring that “all 53 African countries with formal ties to Beijing will now receive ‘zero-tariff treatment for 100% of tariff lines”. This new measure marks a significant step in China’s on-going efforts to…

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N32bn Revenue Loss: Reps report Trade Minister to Buhari

Aminu Imam

Threaten his arrest for non-appearance before Cmtt’ee The House of Representatives Committee on Public Accounts has threatened to report the Minister of Trade and Industry, Chief Niyi Adebayo over the loss of over N32 billion by the Federal Government in the nations Export-Free Trade zones. The committee also said it will issue a warrant of arrest on the minister should he fail the second time to honour its invitation for the explanation on the matter. Chairman of the Committee, Hon Busayo Oluwole Oke (PDP-Osun) disclosed this at a session of…

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