In a landmark decision, China's Ministry of Commerce has agreed to waive anti-dumping duties on EU brandy imports for any distiller that meets agreed price terms. The ministry accepted price commitments from 34 European producers as part of the final ruling in its anti-dumping probe.
The measures, which carry dumping margins of 27.7% to 34.9%, were set to last five years starting this Saturday. Now, compliant exporters can sidestep hefty levies and tap into one of the world's biggest spirits markets.
Trade experts hail the arrangement as a win-win. EU distilleries gain predictable access to Chinese consumers, while the Chinese mainland safeguards fair competition and price stability. This pact also highlights the growing trend of negotiated solutions in global trade disputes.
Looking ahead, the deal could pave the way for similar agreements in other sectors facing trade probes. It arrives against the backdrop of broader EU-China discussions on tariffs and market access, reinforcing dialogue over unilateral measures.
For brands and buyers alike, the outcome promises more choice, sustainable partnerships, and clearer rules of engagement. As bottles of EU brandy journey across continents, the global business community will be watching to see if price pledges become the new norm in international trade.
Reference(s):
China waives EU brandy duties if price terms met, accepting 34 pledges
cgtn.com
