Story by Owen Mandovha
CHINA’S decision to remove tariffs on all imports from African countries is expected to significantly boost Zimbabwe’s export earnings, with analysts predicting a surge in trade volumes once the new framework takes effect.
Beijing has extended its zero-tariff policy to 53 African countries, including Zimbabwe, which had not been covered under the previous arrangement. The move marks a major shift in Sino-African trade relations and is seen as opening fresh opportunities for Zimbabwean exporters.
Trade and Intelligence Analyst with ZimTrade, Kudzai Magwenzi, said the removal of tariffs would enhance the competitiveness of Zimbabwe’s key exports.
“Exports such as macadamia nuts, tobacco and other key products are subject to tariffs averaging around 20 percent, which increases the price of African exports and reduces their competitiveness. This creates a ceiling on how much our exports can grow,” she said.
Magwenzi added that the anticipated elimination of tariffs could trigger a trade boom.
“There is an envisaged trade boom once negotiations are successful. Tobacco, which has long dominated our export earnings from China, is likely to receive a further boost. Trade volumes with China will increase and many benefits will accrue to the economy,” she said.
International relations expert Lazarus Sauti said China’s approach comes at a critical time for African economies navigating shifting global trade dynamics.
“The Africa Growth and Opportunities Act has been extended by a year, which means some traditional markets may soon be lost. China can provide an important alternative market that is essential for driving the continent’s trade goals,” he said, referring to the African Growth and Opportunities Act.
Negotiations to harmonise the new trade arrangements are expected to begin soon, with the zero-tariff regime anticipated to take effect by the beginning of May.
China’s policy shift contrasts with protectionist measures being adopted by some major global economies and is being viewed as a reaffirmation of its long-standing economic partnership with Africa, and Zimbabwe in particular.
