China’s Ministry of Commerce announced on Wednesday that it is extending its anti-dumping investigation into brandy imports from the European Union (EU) until April 5, 2025. The extension is due to the complexity of the case, as officials delve deeper into the impact of EU brandy on China’s domestic industry.
The investigation began on January 5 this year after a request from the China Alcoholic Drinks Association, acting on behalf of local producers. It focuses on spirits distilled from grape wine in containers holding less than 200 liters, imported between October 1, 2022, and September 30, 2023.
In addition to examining imports, the ministry is investigating potential harm to the Chinese brandy industry dating from January 1, 2019, to September 30, 2023. Preliminary findings released on August 29 indicated that EU brandy imports involve dumping—a practice where products are sold below market value—posing a substantial threat to China’s domestic brandy sector.
As a result, since October 11, China has imposed temporary anti-dumping measures on EU brandy. Importers are now required to pay deposits to Chinese customs based on dumping margins ranging from 30.6% to 39%.
The Ministry of Commerce stated that there is a direct link between the dumping practices and the significant threat to the local industry. The extended investigation aims to provide a thorough assessment to safeguard China’s brandy producers.
Reference(s):
cgtn.com
