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СпутникиРНSpaceXРоскосмосNASAOn the first of May, a crate of fresh Egyptian oranges cleared customs at Shanghai’s Waigaoqiao Free Trade Zone, becoming one of the first shipments to enter China duty-free under a sweeping new policy that extends zero-tariff treatment to all 53 African nations with diplomatic ties to Beijing. It was a small and freighted moment, the product of a relationship seven decades in the making, now entering a new phase. Egypt, previously subject to Chinese import tariffs of up to 25 percent, now has duty-free access to a consumer market of 1.4 billion people. The policy arrives against a backdrop that complicates the move, as Egypt imports from China more than it exports, with a bilateral trade deficit exceeding USD 15 billion (EGP 744.3 billion) in 2024, a gap so wide that a tariff cut alone cannot begin to close it. In 2024, China exported USD 16.8 billion (EGP 833.6 billion) worth of goods to Egypt, and Egypt sent back USD 578 million (EGP 28.7 billion) — a ratio of nearly 29 to one. China has been Egypt’s largest trading partner for 12 consecutive years, yet the relationship has alwaysContinue reading "China Grants Egypt Tariff-Free Access as Trade Gaps Remain"
The post China Grants Egypt Tariff-Free Access as Trade Gaps Remain first appeared on Egyptian Streets.
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