China Grants 53 Countries Tariff-Free BRICS Market Access
BRICS member China is negotiating a new economic deal with 53 African countries that will eliminate all tariffs and give special market access. The latest development could significantly benefit all the least developed countries (LDCs) in Africa and boost their respective economies. “China is ready to welcome quality products from Africa to the Chinese market”, said the Foreign Ministry. The duty-free market access to BRICS member China could make African countries rewrite policies that benefit the two nations. The Xi Jinping administration is leveraging the dissatisfaction with Trump’s policies and is pulling emerging economies into its fold. The new Pew Research Center report shows that 66% of countries have no confidence in Trump’s global policies. Only 24 countries show confidence in Trump and trust him to “do the right thing in world affairs.” Also Read: BRICS Bank Plans To Disburse Loans in National Currencies China knows that a handful of coun...