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China, Seychelles sign arrangement on zero tariff, market-opening

China

China

China

China, Seychelles sign arrangement on zero tariff, market-opening

2026-09-12 17:04 Last Updated At:17:47

China and Seychelles signed the Arrangement on Early Harvest on September 10, 2026, advancing their joint economic partnership. China will give zero-tariff treatment for Seychelles, and Seychelles is to further open the market to China, according to the Ministry of Commerce.

The ministry said that China will continue to promote the negotiation and signing of the agreement of China-Africa Economic Partnership for Shared Development with other African countries, and implement its 100-percent-tariff-line zero-tariff treatment for all 53 African countries with which it has diplomatic ties, so as to help relevant countries share China's super-large market and broad development opportunities, and provide long-term, stable and predictable institutional guarantees for China-Africa trade and investment.

Starting May 1 this year, China expanded its zero-tariff treatment to cover all 53 African countries with which it has diplomatic ties, thus becoming the first major economy to provide unilateral, full-coverage zero-tariff treatment to all African countries with diplomatic ties, and to all least developed countries with diplomatic relations.

The move created new opportunities for Africa to boost exports and industrialization amid the global headwinds of protectionism.

China, Seychelles sign arrangement on zero tariff, market-opening

China, Seychelles sign arrangement on zero tariff, market-opening

China, Seychelles sign arrangement on zero tariff, market-opening

China, Seychelles sign arrangement on zero tariff, market-opening

China's top legislature has convened its latest standing committee session in Beijing from November 2 to 6 to review a series of draft laws and amendment bills addressing issues including procuratorial public interest litigation, state-owned assets, Antarctic protection, and combating cross-border corruption.

The second draft of the cross-border anti-corruption bill anchors legislation in a holistic approach to national security, and stresses strict rule of law, due process and human rights protection.

According to Zhou Guangquan, Vice Chairman of the Constitution and Law Committee of the 14th National People's Congress, the draft sets out provisions for authorities to use information technology in cross-border anti-corruption work.

He also noted that members of the public have called for tighter safeguards for state secrets, work secrets, trade secrets, personal information and privacy.

Separately, some Standing Committee members and experts said enterprises with cross-border operations should factor in company size, business scope and risk prevention needs when establishing integrity compliance units or appointing dedicated anti-corrruption staff. Following deliberation, the suggestion was put forward for adoption.

The session will also review the second reading of the draft financial law.

The latest draft aims to boost consumer and investor protection, unify asset management rules, regulate online financial marketing, and tighten oversight of cross-border financial activities.

Xin Chunying, Chairperson of the Constitution and Law Committee of the 14th National People's Congress, said the committee proposed adding a rule that prevents overseas institutions or individuals providing financial products and services within Chinese territory without approval.

She also stated that entities legally providing such products and services in China must comply with laws, administrative regulations and the provisions of the State Council's financial regulatory authorities.

The draft Antarctic Activities and Environmental Protection Law entered its third reading at the session with updated clauses outlining China's participation in global Antarctic governance, improving the national expedition management system, and protecting Chinese citizens' lawful rights in Antarctica.

Several other draft law revisions are being tabled for first deliberation at this session, including amendments to the Criminal Procedure Law to refine the foreign-related criminal litigation system, a revised Renewable Energy Law to tighten regulations and boost industrial development, and several updates to the Ecology and Environment Code that took effect in August.

Lawmakers will also review a State Council proposal to ratify the Agreement on the Establishment of the World Artificial Intelligence Cooperation Organization.

China's top legislature convenes standing committee session

China's top legislature convenes standing committee session

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