Hey everyone, here’s a quick update from the trade world! China's Ministry of Commerce just announced its final ruling on an anti-dumping investigation into EU brandy imports. The investigation revealed dumping margins between 27.7% and 34.9%, which posed a serious threat to the local brandy industry. To protect domestic producers, anti-dumping measures will be in place for five years starting this Saturday.
The probe, which kicked off in January 2024, saw a preliminary assessment in August and temporary measures in October. Interestingly, the ministry accepted price undertakings from EU industry associations and enterprises, meaning imports that comply won’t face duties. This decision underscores efforts for fair trade practices that can ripple across global markets, including our fast-paced region. Stay savvy and informed! 😊
Reference(s):
China issues final ruling of anti-dumping probe into EU brandy imports
cgtn.com
