After a five-year anti-dumping inquiry into brandy imports from the European Union (EU), China‘s Ministry of Commerce announced the final decision on Friday. The anti-dumping measures will take effect on Saturday.
According to the ministry, the study revealed that brandy imported from the EU contains dumping, which might seriously harm the home brandy business. According to the government, there is a direct link between the dumping and the risk of harm.
The ministry claims that the final decision established dumping margins that ranged from 27.7 percent to 34.9 percent.
The ministry stated that it will not apply anti-dumping duties to imports that adhere to the terms of price commitments that have been submitted by pertinent EU industry organizations and businesses.
An extensive examination that started in January 2024 led to the decision. In August 2024, a preliminary evaluation was released, and in October of the same year, interim anti-dumping measures were put into place.
According to the ministry, the anti-dumping probe looked at brandy made in the EU that was imported into China between October 1, 2022, and September 30, 2023, in containers that held fewer than 200 liters.
The ministry further stated that it will not apply anti-dumping duties to imports that adhere to the terms of price commitments that have been provided by pertinent EU industry organizations and businesses.
A ministry official stated after the final decision was announced that China’s willingness to accept pricing promises shows that it is serious about settling trade disputes through consultation and communication.
In order to establish favorable conditions for the consolidation and growth of China-EU economic and trade cooperation, the spokesperson stated that China hopes the EU will work with China in the same direction, improve dialogue and communication, and work with China to address economic and trade differences.
Source: Xinhua News Agency
