China mentioned Friday (5 January) it had launched an anti-dumping investigation into brandy imported from the European Union, as industrial tensions flare between the 2 buying and selling superpowers.
The Ministry of Commerce mentioned the probe adopted a grievance filed in November by China’s liquor affiliation on behalf of the home brandy business.
It mentioned the grievance included “the related proof required for continuing with an anti-dumping investigation as stipulated by… (nationwide)
laws”.
The probe will look at suspected dumping between October 2022 and September 2023, in addition to industrial damages incurred between 2019 and 2023, the assertion mentioned.
The investigation would doubtless conclude by 5 January 2025 however could also be prolonged by six months underneath “particular circumstances”, it added.
China imported extra brandy than every other spirit in 2022, with most of it coming from France, in accordance with a report by analysis group Daxue Consulting.
Tensions between Beijing and the EU have simmered because the bloc signalled it was searching for to scale back its reliance on commerce with China in know-how and different areas.
In October, the EU introduced a probe into China’s subsidies for homegrown electrical car (EV) makers after accusations that their low cost merchandise undercut European opponents.
The bloc can be mulling a separate investigation into Chinese language assist for its producers of wind generators.
Beijing has expressed “robust dissatisfaction” with the EV probe and denied that its backing for different industries is unfair.
EU chief Ursula von der Leyen on Friday skirted a query concerning the newest Chinese language transfer on liquor, insisting solely that Brussels wished a “degree taking part in area” with Beijing on commerce.
“We’ve to have transparency about what sort of subsidies are given and underneath what circumstances,” the European Fee president mentioned.
She mentioned that the EU had agreed with China’s management at a summit final month to “go level by level by all of the complaints we’ve” to attempt to discover options.
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