China News Service, March 25. According to the website of the Ministry of Finance, the Tariff Commission of the State Council issued an announcement on the 25th, stating that in accordance with my country’s commitment to grant zero-tariff treatment to 97% of tax items from the least developed countries that have established diplomatic relations with China, from May 2021 Starting from the 1st, zero tariffs will be implemented on 97% of the tax items originating in the Republic of Benin, involving a total of 8,281 tax items.
According to reports, my country has implemented zero tariffs on 97% of tax items in 41 least developed countries that have established diplomatic relations with China and completed the exchange of letters.
The implementation of zero tariffs on 97% of the taxable products of the Republic of Benin this time will help further promote the economic development of the two countries and strengthen bilateral economic and trade relations.