Bill Blakey, CEO of the commercial and corporate banking business of Standard Bank Group of South Africa, published an article entitled “China's zero tariff policy opens up new opportunities for export diversification for African companies” on the 2nd, saying that China's full implementation of zero tariff measures with 53 countries that have established diplomatic relations with Africa is helping African companies reduce export costs. At the same time, the continuous improvement of RMB cross-border settlement capacity is also providing more convenience for trade between Africa and China. The summary of the article is as follows: Since China fully implemented zero-tariff measures with 53 African countries that established diplomatic relations on May 1 this year, African exporters, including South Africa, Kenya, Zimbabwe, and Nigeria, have begun to reap real benefits from more favorable conditions for entering the Chinese market.

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