While the zero-tariff policy appears in favor of increasing African exports to China, the story is not as straightforward. However, while the zero-tariff policy appears in favor of increasing African exports to China, the story is not as straightforward. Unless the policy facilitates capacity building and long-term economic growth based on industrialization and digitization, a zero-tariff policy may just deepen Africa’s status as the supplier of raw materials. With China’s zero-tariff policy, Africa could attract new foreign direct investment (FDI) from companies that wish to evade high tariffs elsewhere. Africa has a long way to go to make use of the potential the zero-tariff policy offers.
