The Ministry of Commerce in China announced on Monday that it will implement temporary anti-dumping measures on certain brandy imports from the European Union (EU), effective November 15.
This decision follows a preliminary investigation which determined that EU brandy producers were engaging in dumping practices by selling their products in China at unfairly low prices. The ministry stated that these actions pose a significant threat to the domestic brandy industry.
Under the new measures, importers of EU-originated brandy must place deposits with Chinese customs based on dumping margins ranging from 30.6% to 39%. These restrictions specifically target grape-based spirits contained in vessels smaller than 200 liters.
China, a major market for European spirits, initiated the anti-dumping investigation into EU brandy imports on January 5, 2024. This move underscores China's commitment to protecting its domestic industries from unfair international trade practices.
Reference(s):
China to impose temporary anti-dumping measures on EU brandy imports
cgtn.com
