China slaps anti-dumping measures on brandy imports from EU


BEIJING: China on Tuesday announced provisional anti-dumping measures on brandy imports from the European Union, according to a statement from the Chinese commerce ministry, reversing an earlier move amid continued tense trade talks.

From Oct. 11, importers will be required to provide what the ministry described as a corresponding security deposit to Chinese customs when importing relevant brandies originating in the EU.

The move was an about-turn after Beijing recently said it would not impose provisional tariffs on brandy imported from the EU despite finding it had been sold in China below market prices.

That was supposed to give both sides some breathing room in their ongoing heated trade talks.

Previously, when the commerce ministry decided not to improse provisonal anti-dumping measures it had said that probe would end before Jan. 5, 2025, but that it could be extended.

China had recently been trying to drum up support from the bloc's 27-member states to reject the European Commission's proposal to adopt hefty added tariffs on Chinese-made electric vehicles in a vote expected soon. - Reuters

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

China , anti-dumping , brandy , European Union , EU ,

   

Next In Business News

Dollar lingers at six-month peak as US inflation comes in focus
China unveils tax incentives to revive struggling property sector
MClean Technologies gets Bursa Securities nod for proposed private placement
Scientex's subsidiary proposing to establish RM1.5bil sukuk wakalah programme
Aizo secures RM24.1mil infrastructure contract
Ringgit continues to end lower vs US dollar
Pasdec to dispose of industrial land for RM73.5mil
Uzma gets integrated well continuity services contract from PETRONAS
Dayang Enterprise secures two contracts from PETRONAS Carigali
VSTECS optimistic about 4Q, expects strong FY24 finish

Others Also Read