Chinas Ministry of Commerce on Friday announced the final ruling of its anti-dumping investigation into brandy imports from the European Union (EU), saying that it will impose anti-dumping measures on these imports for a duration of 5 years, efficient Saturday.The investigation discovered that brandy imported from the EU includes discarding, positioning a real threat of damage to the domestic brandy industry, according to the ministry.
There is a causal relationship in between the discarding and the risk of damage, the ministry said.According to the ministry, the final ruling figured out disposing margins ranging from 27.7 percent to 34.9 percent.The ministry stated it has actually accepted rate endeavors submitted by appropriate EU market associations and enterprises and will not enforce anti-dumping duties on imports that comply with the regards to the undertakings.The decision followed an extended examination that started in January 2024.
A preliminary evaluation was provided in August 2024, and short-term anti-dumping measures were enforced in October of the same year.The anti-dumping examination taken a look at EU-produced brandy in containers holding less than 200 liters imported to China from October 1, 2022, to September 30, 2023, the ministry said.The ministry added it has actually accepted price endeavors submitted by appropriate EU market associations and enterprises and will not impose anti-dumping tasks on imports that comply with the regards to the undertakings.Following the statement of the final judgment, a spokesperson for the ministry stated the choice to accept price undertakings demonstrates Chinas sincerity in fixing trade disagreements through dialogue and consultation.The representative said that China hopes the EU will deal with China in the exact same direction, enhance dialogue and communication, and deal with China to deal with financial and trade differences to create beneficial conditions for the consolidation and expansion of China-EU economic and trade cooperation.