On  5 September, 2024, in his keynote address at the opening ceremony of  the Beijing Summit of the Forum on China-Africa Cooperation, President  Xi Jinping of China announced that China will voluntarily and  unilaterally open its market wider, and has decided to give all LDCs  having diplomatic relations with China, including 33 countries in  Africa, zero-tariff treatment for 100 percent tariff lines. This has  made China the first major developing country and the first major  economy to take such a step.

Recently,  the Office of the Customs Tariff Commission of the State Council of  China issued an Announcement. In order to expand unilateral opening up  to LDCs and achieve common development, zero preferential tariff rate  will be applied to 100 percent of the tariff lines originating from LDCs  that have diplomatic relations with China from 1 December, 2024. For  the products subject to tariff quota management, zero-tariff treatment  only apply to the portion of products within the quota quantity. The  portion of products exceeding the quota quantity shall still be subject  to the original tax rate. As an LDC, Bangladesh will enjoy zero-tariff  treatment for 100 percent tariff lines exported to China starting from 1  December, 2024.

Announcement  of the Office of the Customs Tariff Commission of the State Council of  China on giving all LDCs having diplomatic relations with China  zero-tariff treatment for 100 percent tariff lines (Customs Tariff  Commission Announcement No. 9, 2024) links:

http://gss.mof.gov.cn/gzdt/zhengcefabu/202409/t20240912_3943678.htm