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China reaffirms zero-tariff access for Ghana despite new US trade tariffs
China reaffirms zero-tariff access for Ghana despite new US trade tariffs

Business Insider

time6 days ago

  • Business
  • Business Insider

China reaffirms zero-tariff access for Ghana despite new US trade tariffs

China's Ambassador to Ghana, Tong Deta, has reaffirmed Beijing's commitment to granting zero-tariff access to products from Ghana and 52 other partner countries. The move, he said, is part of China's broader efforts to strengthen diplomatic and economic cooperation across Africa. China commits to granting zero-tariff access to Ghana and 52 partner countries' products. This policy aligns with China's strategy to strengthen African economic and diplomatic relations. China encourages Ghanaian businesses to leverage access to its vast consumer market. His remarks come in the wake of the United States' recent announcement of a 15% tariff on imports from Ghana and other African countries. The US tariffs, announced on 31 July 2025, are set to take effect on 7 August 2025 and are expected to impact a wide range of goods exported to the American market. Ghana-China talks on implementation ongoing Speaking to during the Africa-China Centre for Policy and Advisory (ACCPA) fellowship event in Accra, Ambassador Tong described the zero-tariff policy as mutually beneficial. He confirmed that both countries are currently fine-tuning implementation plans to maximise the benefits. "China is still offering zero tariffs to all 53 countries that have diplomatic ties with China. We believe this policy has proven helpful. It benefits both China and Ghana," Ambassador Tong stated. He added that a framework Memorandum of Understanding (MoU) for the initiative has already been signed, and that government officials from both sides are actively working to finalise the modalities. "The two government agencies are currently discussing the detailed arrangement. Both governments are accelerating efforts to determine how to implement the zero-tariff policy," he explained. Huge opportunity for Ghanaian exporters The Chinese Ambassador urged Ghanaian businesses and exporters to seize the opportunity offered by access to China's vast market. "China's market is huge. We are the largest consumer market in the world and are well on our way to becoming the biggest globally. We encourage Ghanaian companies to take advantage of this opportunity and promote your products in China," he said.

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