While Vice Premier Hu valued international cooperation, U.S. President Trump announced that tariffs on Chinese imports will not disappear any time soon.
At the Second High-level United Nations Conference on South-South Cooperation (BAPA + 40) held in Buenos Aires, Argentina, Vice Premier Hu Chunhua said Wednesday that China will maintain its "Zero tariffs policy" for imports from developing countries development, a decision which shows that the Asian country "is opening its doors to the world".
"We will help more developing markets' products to reach the Chinese market," VP Hu said and added that "our tariff policy will continue for imports from developing countries."
Vice Premier mentioned that, as part of its long-term policy towards "sister countries" in the developing world, the Chinese State will "encourage well-ranked, reliable Chinese firms to continue doing business in other developing countries."
The High-level officer also appreciated the importance of the South-South Cooperation in a world where there is a "real imbalance" between developed nations and developing countries.
In Buenos Aires ���� the #tradeunions will participate in the #UN Conference ���� on South-South Cooperation (#BAPA +40) in their role as central #development actors, leading and running development projects in the world �� �� https://t.co/v5IUHpjmG2 @UNDP @CSA_TUCA pic.twitter.com/UAwqKrnOjt— Unions4Dev (@TUDCN_rscd) March 18, 2019
"We have honored the South-South cooperation values, which mean seeking welfare for all," VP Hu said, adding that "countries should be encouraged to participate in the way they feel best, taking advantage of their capacities and taking into account their development level."
Meanwhile, at the White House, the U.S. President Donald Trump continued his trade war against China as he said that tariffs on Chines imports would stay in place.
"We're not talking about removing [tariffs], we're talking about leaving them for a substantial period of time,” Trump said, adding that “China had free rein over our country taking out US$ 500 billion a year for many years.”
The BAPA + 40 Conference, which is the most important multilateral meeting on South-South cooperation, brings together representatives of 193 UN member states, international organizations and more than 1500 participants.
Its purpose is to exchange experiences and knowledge with the objective of strengthening the capacities of States. On this occasion, the Conference was inaugurated by the Secretary-General of the United Nations Antonio Guterres.
This multilateral conference takes place 40 years after the adoption of the Buenos Aires Action Plan (PABA), through which developing countries defined the way forward in terms of technical cooperation.