HAIKO, CHINA – DECEMBER 17: People buy brandies during the 26th China (Hainan) International Winter Trade Fair at the Hainan International Convention and Exhibition Center on December 17, 2023 in Haikou, Hainan Province, China.
Meng Zhongde | Visual China Group | Good pictures
China will begin imposing provisional anti-dumping measures this week on brandy products imported from the European Union. An announcement by the Ministry of Commerce on Tuesday.
Chinese customs officials will collect security deposits from companies selling brandy starting this Friday. The deposit will be between 30.6% and 39% of the total value, the notice said.
Conclusion reversed a preliminary ruling in late August, China said it would not impose any anti-dumping measures, despite European distillers deciding to sell 30.6% to 39% brandy in China.
“The relevant brandy industry within China has been significantly damaged or threatened,” the statement said.
Tuesday’s move came days after the European Union pressed ahead with adopting definitive tariffs Up to 45% Last Friday on electric vehicles made in China. A surcharge of 35% will come on top of the existing rate of 10%.
China “deeply dissatisfied” with EU’s adoption of anti-subsidy tariffs on Chinese electric vehicles A spokesperson for the Chinese Ministry of Commerce It said in a statement on Friday that it was an act of protectionism that was “unfair, inconsistent and unjustified”.
In January, China launched an anti-dumping investigation into brandy imported from the European Union.
