China’s Ministry of Commerce announced on Monday that its temporary anti-dumping measures on certain brandy imports from the European Union are legitimate trade remedies that fully comply with World Trade Organization (WTO) rules.
The statement came in response to a consultation request filed by the EU through the WTO’s dispute settlement mechanism. The EU is seeking discussions over China’s anti-dumping duties on European brandy imports, which it believes may violate international trade agreements.
An official from the ministry emphasized that China will handle the matter in accordance with WTO rules. “The Chinese side will properly manage the situation following the established procedures of the WTO,” the official said in an online statement.
Anti-dumping measures are trade policies that a country implements to protect its domestic industries from foreign companies selling products at unfairly low prices. China’s decision to impose duties on certain European brandies reflects its stance on ensuring fair competition in its domestic market.
The ongoing discussions between China and the EU highlight the complexities of international trade relations. Both parties are expected to engage in consultations to resolve the issue within the framework of WTO guidelines.
As global trade continues to evolve, developments like these remind us of the importance of cooperation and adherence to international rules to maintain fair and balanced economic relationships.
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China's anti-dumping measures on EU brandy imports follow WTO rules
cgtn.com
