An investigation has preliminarily determined that dumping of brandy from the EU is threatening China’s own brandy sector with “substantial damage,” the Chinese Commerce Ministry said.
It also accounted for 99% of China’s brandy imports last year, with French brandy shipments reaching $1.7 billion.
The Chinese commerce ministry gave no details.
Ahead of the vote, in late August, China had suspended its planned anti-dumping measures on EU brandy, in an apparent goodwill gesture, despite determining that EU brandy had been sold in China at below-market prices.
At the time, the Commerce Ministry said its probe would end before January 5, 2025, but that it could be extended.
Persons:
Hennessy, Remy Martin, Pernod Ricard, Remy Cointreau, Martell
Organizations:
Paris Reuters, European Union, Chinese Commerce Ministry, EU, Commerce Ministry, China’s Commerce, distillers, SAIC, European
Locations:
Beijing, Paris, China, France