Beijing, China — China’s Ministry of Commerce announced on Wednesday an extension of its anti-dumping investigation into brandy originating from the European Union (EU). The probe, initially set to conclude earlier, will now continue until April 5, 2025, due to the case’s complexity.
The investigation began on January 5 this year after a request from the China Alcoholic Drinks Association, representing domestic industry stakeholders. It 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 is also assessing potential damages to China’s brandy industry from January 1, 2019, to September 30, 2023. In a preliminary assessment released on August 29, officials indicated that imported brandy from the EU involves dumping practices, posing a substantial threat to the domestic sector.
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 extended investigation highlights ongoing trade tensions and China’s efforts to protect its domestic industries. Economic analysts suggest that this move could significantly impact EU brandy exporters and alter trade dynamics between China and the EU.
Global investors and market watchers are closely monitoring the situation, as the outcome may influence future trade policies and economic relations in the spirits industry and beyond.
Reference(s):
cgtn.com
