China's Ministry of Commerce has announced a final ruling in its anti-dumping investigation into EU brandy imports, imposing measures for five years to protect domestic producers.
The probe found EU brandy was sold below fair market value, posing a real threat to local distillers. Dumping margins were set between 27.7% and 34.9%.
The duties, effective as of last Saturday, will apply unless imports comply with price undertakings accepted from EU industry associations and enterprises.
Here's a quick look at the probe timeline:
- January 2024: Investigation launched
- August 2024: Preliminary assessment issued
- October 2024: Temporary duties imposed
- Saturday: Final ruling takes effect
The investigation covered EU-produced brandy in containers under 200 liters, imported between October 1, 2022, and September 30, 2023. EU distillers must now adjust prices or face higher costs.
As global trade tensions rise, this decision underscores the challenge of balancing industry protection with open markets. Consumers may see price changes, and trade observers will watch for appeals or negotiations ahead.
Reference(s):
China issues final ruling of anti-dumping probe into EU brandy imports
cgtn.com
