Lesser Developed Countries to Enjoy Zero Tariff from China
Soon China will be offering zero tariff preference for around 97 percent of goods that are imported from lesser developed countries. China along with eight Pacific island countries have agreed to create a strategic partnership that will highlight mutual respect and common development. The agreement was announced at a meet between President Xi Jinping and the leaders of Micronesia, Samoa, Fiji, Papua New Guinea, The Cook Islands, Vanuatu and Tonga and Niue.
China also plans to deepen cooperation with the islands in terms of trade, fishery, agriculture, marine industry, energy, infrastructure construction, resources and in other sectors as well. And for people to people exchange, President XI promised to provide the islands with 2,000 scholarships and 5,000 slots for various studies and trainings in the span of five years.
Furthermore the leaders of the islands stated that the policy of china along with its measures towards the islands in the new ear now actually meet the needs of these island countries and is helping these countries push for sustainable development.