China extends EU brandy anti-dumping investigation by three months

Published 2024년 12월 26일

Tridge summary

China's commerce ministry has extended its anti-dumping investigation into EU brandy by three months, rather than the six months permitted, due to the probe's complexity. The preliminary findings have shown that EU brandy is dumped, posing a threat to China's sector, and temporary measures have been imposed, requiring Chinese importers to pay security deposits of nearly 40% for brandy from the EU. The extension of the investigation is seen as retaliation for France's support of EU tariffs on Chinese electric vehicles, and the EU Commission has brought the Chinese anti-dumping measures to the World Trade Organization.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

BEIJING (Dec 26): China's commerce ministry said on Wednesday it would extend its anti-dumping investigation into brandy originating from the European Union by three months, less than the full extension allowed under its previous guidance. The probe, which was launched on Jan 5 and due to be completed in a year, will be extended to April 5 due to the "complexity" of the investigation, the ministry said in a brief statement, without elaborating. The ministry previously said the probe could be extended by six months under special circumstances. Preliminary findings from the probe have shown dumping of EU brandy threatens to damage China's sector, the ministry said in October as it imposed temporary measures on EU brandy imports, hitting French brands including Hennessy and Remy Martin. The probe was widely seen as the outcome of France's support of EU tariffs on China-made electric vehicles. French President Emmanuel Macron previously called the probe "pure retaliation". The Chinese ...

Source: Theedgemarkets