- Advertisement -
Saturday, June 3, 2023
Home Sustainable Fashion China to extend zero tariff for developed countries

China to extend zero tariff for developed countries

China will extend zero-tariff treatment for 10 least-developed countries from December 1, 2022, to help the least-developed nations and accelerate their growth.

China to extend zero tariff
Figure: China will extend zero-tariff treatment for 10 least-developed countries from December 1, 2022.

According to the customs tariff commission of the state council, to promote an open global economy, the country has taken this step, as a win-win outcome.

The zero-tariff treatment will be applicable to 98% of taxable import items from the 10 least-developed countries, including Guinea-Bissau, Lesotho, Malawi, Afghanistan, Benin, Burkina Faso, Sao Tome and Principe, Tanzania, Uganda, and Zambia.

On the other hand, the country plans to eventually expand this policy for measuring all the least-developed countries who have ties with China.

Related News

Functional Fashion Issue 04 week 10

 Download now  

Boohoo launches first pop-up shop in London to showcase new arrivals

Fashion retailer Boohoo has announced the opening of its very first pop-up store in Central London on Great Portland Street. The store opened on March...

Sweden and Indian researchers create new technology to purify tainted water

Researchers from Malaviya National Institute of Technology, Jaipur in India and Chalmers University of Technology in Sweden have created a new technique that quickly...

NC State separates mixed cotton from polyester by using enzymes in US

A team at North Carolina State University (NC State) has developed an enzyme-based method for separating mixed cotton and polyester fabric in the US....

H&M donates books and dressmaker mannequins to CIEOSH and BUFT

H&M Group, a multinational clothing giant, contributed books and dressmaker mannequins to the BGMEA Centre of Innovation, Efficiency and Occupational Safety and Health (CIEOSH)...

More like this

Functional Fashion Issue 04 week 10

0
 Download now  
Boohoo launches first pop-up shop in London to showcase new arrivals

Boohoo launches first pop-up shop in London to showcase new arrivals

0
Fashion retailer Boohoo has announced the opening of its very first pop-up store in Central London on Great Portland Street. The store opened on March...
Sweden and Indian researchers create new technology to purify tainted water

Sweden and Indian researchers create new technology to purify tainted water

0
Researchers from Malaviya National Institute of Technology, Jaipur in India and Chalmers University of Technology in Sweden have created a new technique that quickly...
Blended cotton polyester

NC State separates mixed cotton from polyester by using enzymes in US

0
A team at North Carolina State University (NC State) has developed an enzyme-based method for separating mixed cotton and polyester fabric in the US....
H&M donates books and dressmaker mannequins to CIEOSH and BUFT

H&M donates books and dressmaker mannequins to CIEOSH and BUFT

0
H&M Group, a multinational clothing giant, contributed books and dressmaker mannequins to the BGMEA Centre of Innovation, Efficiency and Occupational Safety and Health (CIEOSH)...
- Advertisement -