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China's zero-tariff treatment gains wide acclaim

(Xinhua)

21:59, November 23, 2011

BEIJING, Nov. 23 (Xinhua) -- China's decision to grant zero-tariff status to some least developed countries (LDCs) has drawn positive responses from the international community.

During the recently concluded G-20 summit in Cannes and the Asia-Pacific Economic Cooperation (APEC) meeting in Honolulu, President Hu Jintao announced that China would give duty-free status to 97 percent of the tariff items of exports to China from the LDCs, provided they have diplomatic relations with his country.

The decision was deemed by the international community as one of China's practical actions to help the LDCs and was believed to promote healthy development of global trade.

Affected by the current economic crisis, LDCs' total exports dropped from 176.7 billion U.S. dollars in 2008 to 156.3 billion in 2010, according to Zeljka Kozul-Wright, an economist with the United Nations Conference on Trade and Development (UNCTAD).

Afghanistan, known for its carpets, leather products and dry fruits, has suffered numerous barriers when exporting its products to international markets, Waheedullah Ghazi Khil, a apokesman for the commerce and industry minister, told Xinhua.

"China's tariff reduction and exemption will further enhance the economic exchanges between Afghanistan and China and benefit the economic growth, reconstruction and development of the war-torn Afghanistan," he said.

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