U.S. trade tariffs will boost China-Nigeria trade ties: Chinese Envoy

Chinese Ambassador to Nigeria, Yu Dunhai, says the challenges posed by the tariffs which the U.S. recently imposed on global trade will bolster China-Nigeria economic and trade ties.

He emphasized that the U.S. tariff controversy had the potential to engender mutual cooperation between the two countries, describing it as a “crisis with opportunities.”

The news conference was held to address the prevailing China-U.S. economic, trade and tariff issues. The ambassador underscored the significance of upholding a free and open multilateral trading system, describing it as crucial for driving African countries’ development and revitalisation initiatives.

“African nations are committed to development and revitalization, which requires a free, open multilateral trading system and a stable, predictable global environment.

“History has shown that China is a reliable partner for Africa, trustworthy, mature, and steadfast. “China’s development and commitment to high-level openness will bring much-needed stability to an increasingly uncertain world,” he said.

Mr Yu reiterated China’s commitment to expanding market access, particularly for least-developed countries in Africa.

According to him, this is exemplified by the zero-tariff treatment pledge made during the recent Forum for China Africa Cooperation’s (FOCAC) Beijing Summit.

He highlighted the tangible opportunities that had emerged for African nations as a result of China’s market initiatives.

Source: Gazettengr