Beijing, China — China’s Ministry of Commerce announced on Wednesday the extension of its anti-dumping investigation into brandy originating from the European Union (EU) until April 5, 2025. The decision comes amid escalating concerns over the impact of imported EU brandy on China’s domestic industry.
The extension, as stated by the ministry, is due to the “complexity of the case” and is in accordance with relevant regulations. The initial investigation was launched on January 5 this year after a formal request from the China Alcoholic Drinks Association, representing the interests of domestic producers.
The probe focuses on spirits distilled from grape wine, imported in containers holding less than 200 liters, brought into China between October 1, 2022, and September 30, 2023. Additionally, the investigation will assess any damage sustained by the Chinese brandy industry from January 1, 2019, to September 30, 2023.
In a preliminary assessment released on August 29, the ministry indicated that imported EU brandy involves dumping practices and poses a substantial threat to the domestic industry. “There is a causal relationship between the dumping and the substantial threat of damage,” the ministry stated.
As a result, since October 11, China has imposed temporary anti-dumping measures on EU-originating brandy. Importers are now required to place deposits with Chinese customs based on dumping margins ranging from 30.6 percent to 39 percent.
The anti-dumping measures reflect China’s commitment to protecting its domestic industries from unfair international trade practices. The extended investigation period underscores the seriousness with which the Chinese government is addressing the issue, seeking a thorough and comprehensive resolution.
The outcome of this extended probe could have significant implications for trade relations between China and the EU, particularly within the spirits market. Industry analysts and stakeholders are closely monitoring developments as both sides navigate the complexities of international trade regulations.
Reference(s):
cgtn.com
