MAPUTO, March 31 (Xinhua) -- Mozambique saves an estimated 20 million U.S. dollars annually as a result of China's zero-tariff policy, Chinese Ambassador to Mozambique Zheng Xuan has said.
In a report by Mozambique's national news agency AIM on Monday, Zheng said that the policy, which took effect in December 2024, marks an important milestone in bilateral economic relations and provides a strong boost to Mozambique's economic growth.
"By 2025, the tariff exemption policy helped Mozambique save about 140 million yuan (around 20 million U.S. dollars), reflecting the principle of mutual benefit and win-win cooperation," she said.
According to the Chinese ambassador, the initiative forms part of China's long-term economic policy aimed at promoting sustainable and shared development with African countries.
Zheng said the policy has broad economic impacts, including boosting gross domestic product, creating jobs, reducing trade imbalances, attracting foreign direct investment and facilitating technology transfer.
She added that the measure also helps increase Mozambique's export volume while contributing to narrowing its trade deficit with China.
Meanwhile, Zheng highlighted China's 15th Five-Year Plan as a strategic framework guiding the country's economic and external policies, reaffirming China's commitment to supporting Africa's development, with Mozambique playing an important role in bilateral cooperation.
The plan aligns with Mozambique's development priorities in key sectors such as agriculture, trade, infrastructure, and mineral resources, and is expected to create new investment opportunities and further strengthen economic and technical cooperation between the two countries, she added. ■