China’s Ministry of Commerce (MOC) has affirmed that its temporary anti-dumping measures on certain brandy imports from the European Union (EU) adhere strictly to World Trade Organization (WTO) regulations. On Monday, the MOC addressed concerns following the EU’s request for consultations through the WTO dispute settlement mechanism regarding these measures.
An official from the ministry stated that the anti-dumping actions are legitimate trade remedies and fully compliant with WTO rules. “China will handle the EU’s consultation request in accordance with WTO procedures,” the official noted in an online statement released by the MOC.
The dispute arises from China’s implementation of temporary duties on specific brandy imports originating from the EU, aiming to protect its domestic industry from unfair pricing practices. The MOC emphasized that these measures are necessary to ensure fair competition and are implemented following comprehensive investigations and in line with international trade laws.
The EU’s consultation request marks a step towards resolving the issue within the framework of the WTO’s dispute settlement system. Both parties are expected to engage in discussions to address the concerns raised and seek a mutually agreeable solution.
This development underscores ongoing trade dynamics between China and the EU, highlighting the complexities of international trade relations and the mechanisms in place to address disputes. Stakeholders in the business and investment communities will be closely monitoring the situation, given its potential implications for international trade practices and economic cooperation between China and the EU.
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China's anti-dumping measures on EU brandy imports follow WTO rules
cgtn.com
