China's Ministry of Commerce has announced an extension of its anti-dumping investigation into European Union (EU) brandy, moving the deadline to April 5, 2025. This decision comes as the ministry assesses the complex nature of the case and adheres to relevant regulations.
The investigation, which began on January 5 this year following a request from the China Alcoholic Drinks Association on behalf of the domestic industry, focuses on spirits produced by distilling grape wine in containers holding less than 200 liters. The scope covers imports from October 1, 2022, to September 30, 2023.
Additionally, the ministry is examining any potential damage to the Chinese brandy industry from January 1, 2019, to September 30, 2023. A preliminary assessment dated August 29 indicated that EU-imported brandy was being sold at unfairly low prices, posing a substantial threat to China's local brandy producers.
In response to these findings, China imposed temporary anti-dumping measures on EU brandy starting October 11. Importers must now place deposits with Chinese customs based on dumping margins ranging from 30.6% to 39%, aiming to protect the domestic market from further financial harm.
This extension underscores China's commitment to ensuring fair trade practices and supporting its local industries amid global economic interactions.
Reference(s):
cgtn.com
