In a move that underscores the ongoing trade tensions between China and the European Union, China's Ministry of Commerce announced the imposition of anti-dumping measures on imported EU brandy. According to a ministry spokesperson, these measures are legitimate trade remedies designed to protect the Chinese industry and fully comply with World Trade Organization (WTO) regulations.
The decision comes shortly after the EU imposed tariffs on Chinese-made electric vehicles (EVs), sparking a swift response from Beijing. The Chinese authorities criticized the EU's anti-subsidy investigation into Chinese EVs, arguing that it was not initiated by industry requests and lacked a solid factual and legal foundation.
\"The EU's measures are a clear violation of WTO rules, using trade remedies as a guise for protectionism,\" the spokesperson stated. In response, China has lodged a strong protest with the WTO and is advancing the relevant anti-subsidy measures through the WTO dispute settlement mechanism to defend the legitimate development rights of its EV industry.
Furthermore, the Ministry of Commerce urged the EU to immediately rectify its practices to safeguard the broader economic and trade interests between the two economic powerhouses. This exchange highlights the delicate balance countries must maintain in navigating international trade laws and protecting their domestic industries.
As global markets continue to evolve, the interplay between trade policies and international relations remains a critical area for businesses, policymakers, and consumers alike. Staying informed on these developments is essential for understanding the broader economic landscape and anticipating future trends.
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China says anti-dumping measures for EU brandy comply with WTO rules
cgtn.com
