China’s Ministry of Commerce announced on Wednesday an extension of its anti-dumping investigation into brandy imports originating from the European Union (EU) until April 5, 2025. The decision comes in light of the case’s complexity and is in accordance with relevant regulations.
The investigation, initially launched on January 5 this year, was prompted by a request from the China Alcoholic Drinks Association on behalf of the domestic brandy industry. 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 any damage inflicted on the Chinese brandy sector from January 1, 2019, to September 30, 2023. A preliminary assessment released on August 29 indicated that imported EU brandy involves dumping practices, posing a substantial threat to the domestic industry.
In response to these findings, China implemented 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 safeguarding its domestic brandy producers amidst concerns over unfair trade practices. The outcome of this probe could have significant implications for trade relations between China and the EU in the alcoholic beverages sector.
Reference(s):
cgtn.com
