

Since December 1, China has granted zero-tariff treatment to all products of 100 percent of tariff lines from the least developed countries that have established diplomatic relations with China. This is an important measure for China to expand unilateral opening up, share development opportunities with the world, and promote economic globalization that benefits all. China has become the first major developing country and major economy in the world to implement this measure, demonstrating China's determination to promote high-level opening-up and its sincerity to provide new opportunities for the world with high-quality economic development.
Reform and opening up is a historical process of common development and progress of China and the world. China is committed to the basic state policy of opening up and follows a win-win strategy of opening up to make its development more interconnected at home and abroad, so as to bring more benefits to other countries and peoples while achieving its own development. At present, despite the rise of unilateralism and protectionism, economic globalization has always been a mighty historical trend, and its general trend has never changed. China is committed to high-level opening-up to promote deep-seated reform and high-quality development. Further opening up is China's initiative to adapt to the general trend of economic globalization. The Third Plenary Session of the 20th Central Committee of the Communist Party of China stressed that we must adhere to the basic state policy of opening up, continue to promote reform through opening up, rely on the advantages of China's ultra-large market, enhance our capacity for opening up in expanding international cooperation, and build a new system of open economy at a higher level.
From steadily expanding institutional opening-up to deepening reform of the management systems for foreign trade, foreign investment and outbound investment, from optimizing regional opening-up to improving the high-quality Belt and Road cooperation mechanism, China is firmly advancing high-level opening-up to a wider scope, wider areas and deeper level. Granting zero tariff treatment to 100% of the products of the least developed countries that have diplomatic relations with China is a concrete action to implement the spirit of the Third Plenary Session of the 20th Communist Party of China Central Committee, expand independent opening up and unilateral opening up to the least developed countries, and an important measure to steadily expand market access. China has proved with concrete actions that its resolve to open wider to the outside world at a high level will not change, and China's door to the outside world will only open wider.
Improving institutions and mechanisms for high-level opening up and expanding unilateral opening up to the least developed countries are also important actions for China to support global development. The prosperity and stability of the world cannot be built on the basis of the poor getting poorer and the rich getting richer. Only common development of all countries is true development. China advocates a path of economic globalization that puts people first, promotes more balanced development and equalizes opportunities, and enables different countries, social groups and people to share the fruits of development. "Zero tariff treatment" will play a positive role in expanding exports to China and sharing opportunities in China's big market, promoting industrial development and employment growth in relevant countries, and driving poverty reduction.
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