China’s Ministry of Commerce announced on Wednesday the extension of its anti-dumping investigation into brandy imports originating from the European Union (EU). The investigation, initially launched on January 5 this year, will now continue until April 5, 2025, due to the complexity of the case and in accordance with relevant regulations.
The inquiry began following a request from the China Alcoholic Drinks Association, representing the domestic industry. The investigation focuses on spirits obtained by distilling grape wine in containers holding less than 200 liters, imported between October 1, 2022, and September 30, 2023.
The Ministry stated that it would also examine any damage to the Chinese brandy industry from January 1, 2019, to September 30, 2023. On August 29, a preliminary assessment indicated that imported brandy from the EU involves dumping practices, posing a substantial threat to the domestic brandy sector. The Ministry emphasized a causal relationship between the dumping activities and the potential harm to the industry.
In response to these findings, China imposed temporary anti-dumping measures on EU-originating brandy starting October 11. Importers are now required to place deposits with Chinese customs based on dumping margins ranging from 30.6 percent to 39 percent.
The extension of the investigation underscores China’s commitment to protecting its domestic industries from unfair trade practices. The outcome of this probe could have significant implications for international trade relations and the global spirits market.
Reference(s):
cgtn.com
