China wants to abolish tariffs on goods from the world’s least developed countries from December. This is according to a report in the South China Morning Post on Wednesday. The measure is intended to reduce transportation costs from parts of Africa and Asia and give Beijing more influence in global trade. The regulation applies to all countries that the United Nations (UN) classifies as „least developed“ and that maintain diplomatic relations with China, the state news agency Xinhua reported, citing the Customs Tariff Commission of the State Council. According to the commission, the regulation will apply to all import categories.