China offers a 0% tariff on all exports from Ghana

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China offers a 0% tariff on all exports from Ghana

Minister of Foreign Affairs, Samuel Okudzeto Ablakwa, has announced Ghana and China's agreement with China offering a 0% tariff on all exports from Gh

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Minister of Foreign Affairs, Samuel Okudzeto Ablakwa, has announced Ghana and China’s agreement with China offering a 0% tariff on all exports from Ghana.

The news is a big one for businesses in Ghana that trade in China. The minister revealed on his account;

“Yesterday, I held productive and impactful talks with the distinguished Foreign Minister of China, His Excellency Wang Yi.

China has offered a 0% tariff on all exports from Ghana.

China is Ghana’s number one trading partner, with last year’s trade volume exceeding US$ 11 billion.

This 0% tariff on 100% of goods from Ghana and other African countries will bolster trade, create jobs and produce more Ghanaian entrepreneurs.

We also discussed new industrial projects in line with President Mahama’s vision including exploiting our bauxite for an integrated aluminium industry powered by modern rail infrastructure.

Our bilateral engagement on the sidelines of the ongoing China-Africa summit in Changsha, China, further agreed to work towards establishing an electric car manufacturing plant in Ghana, anchored on Ghana’s strategic lithium deposits.

Ghana and China will soon sign a special Economic Partnership Agreement to concretise our mutually beneficial partnership.

President Mahama’s administration is firmly committed to leveraging diplomacy to transform our dear country.

Kwame Nkrumah and Chairman Mao will be proud of what Ghana and China relations have achieved 65 years after they laid the foundation,” Ablakwa wrote.

Ghana and China’s relationship started during the days of Ghana’s first president, Dr Kwame Nkrumah and 1st Chairman of the People’s Republic of China, Chairman Mao, six decades ago.

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