Tridge summary
China has initiated an anti-subsidy investigation into dairy imports from the European Union, specifically targeting Dutch firm FrieslandCampina, as well as companies from France and Italy, in response to EU lawmakers' vote in favor of tariffs on Chinese electric vehicles. The probe involves imports of cheese, milk, and cream, with the selected companies being targeted based on export volume, product structure, and geographical distribution. The European Commission has challenged the investigation at the World Trade Organisation.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
China on Monday singled out Dutch firm FrieslandCampina as well as French and Italian companies in an anti-subsidy probe into dairy imports from the European Union, after lawmakers from these countries voted for tariffs on Chinese electric vehicles, reported Reuters. The world's second-largest economy launched the investigation into imports of some cheese, milk and cream from the European Union in August. Details of the probe come after EU members on Oct. 4 voted in favour of imposing tariffs of up to 45% on imported Chinese EVs. Italy, France, and the Netherlands had voted in favour of the tariffs, while Belgium had abstained. China's commerce ministry said it would use samples collected from Elvi (France) Co., Ltd. (ELVIR), FrieslandCampina Nederland B.V., FrieslandCampina Belgium N.V. as well as Italian firm Sterilgarda Alimenti SPA in its investigation. The companies were selected based on export volume, product structure and geographical distribution, the ministry said in a ...
Source: The Cattle Site
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