China’s Ministry of Commerce announced on Monday that it will impose temporary anti-dumping measures on certain brandy imports originating from the European Union (EU), effective November 15.
The decision follows a preliminary investigation that found EU brandy producers were dumping specific products into the Chinese market, causing substantial harm to the domestic industry. The ministry stated that these actions are necessary to protect local producers and maintain fair competition.
According to the ministry, importers of brandy from the EU must place deposits with Chinese customs based on dumping margins ranging from 30.6 percent to 39 percent. These measures apply to grape-based spirits imported in containers holding less than 200 liters.
China, a major market for European spirits, initiated an anti-dumping investigation into brandy imported from the EU on January 5, 2024. The investigation aimed to assess the impact of imported brandy on the domestic industry and determine whether dumping was occurring.
The temporary measures are expected to significantly impact the trade of brandy between China and the EU. Importers and distributors may need to adjust their sourcing strategies, and consumers could see changes in availability and pricing of European brandy products.
Industry analysts suggest that these measures reflect China’s commitment to supporting its domestic producers and ensuring a level playing field in the market. The EU and affected brandy producers may engage in negotiations or seek consultations to address the situation.
Reference(s):
China to impose temporary anti-dumping measures on EU brandy imports
cgtn.com
