China and France resume talks on EU brandy anti-dumping case

Published Nov 22, 2024

Tridge summary

China and France have recommenced discussions on China's anti-dumping measures targeting European brandy imports, following disruptions in trade since October. The measures, provisionally applied in October, require importers to pay deposits ranging from 30.6% to 39%. This situation is part of broader trade tensions between China and the EU, further aggravated by the EU's countervailing duty on Chinese electric vehicle imports. Despite these tensions, French cognac and Armagnac industry representatives remain optimistic, citing recent dialogue during the China International Import Expo as a step towards a bilateral solution. Since January to September 2024, brandy imports into China have seen a significant decline, with a 21.39% drop in volume and a 24.43% drop in value, primarily due to weak domestic consumption and high inventory levels among alcohol distributors.

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Original content

China and France have resumed discussions on China’s anti-dumping measures targeting European brandy imports, French spirits lobbying groups said on Nov. 12, calling the development “a positive initial response.” Representatives from the cognac and Armagnac industries met with French President Emmanuel Macron to address the impact of China’s provisional anti-dumping measures on EU brandy exports, which have disrupted trade since October. The Bureau National Interprofessionnel du Cognac (BNIC), a leading French cognac industry body, said the investigation “is not a legal problem but a political one,” underscoring the need for a diplomatic resolution. Industry groups are urging the French government to press for a bilateral solution through diplomatic channels. In October, China’s Ministry of Commerce announced provisional anti-dumping measures on European brandy, requiring importers to pay deposits ranging from 30.6% to 39%. While formal anti-dumping duties have not been imposed, ...

Source: WTOCenter