French spirits makers say Chinese tariffs have seen a positive shift

French winemakers and cognac producers believe that there is a positive trend in the negotiations with China in the context of the anti-dumping investigation launched by the Chinese authorities against agricultural products from the European Union, the association "National Interprofessional Cognac Producers' Office" (BNIC) said in a statement. "Positive developments in recent weeks have been noted in several meetings at government level. The recent exchange of views between the French and Chinese authorities at the Shanghai Fair helped to renew the dialogue, which is an important prelude to the emergence of a bilateral solution. In this regard, yesterday's announcement by the Chinese Ministry of Commerce that the security deposit introduced on October 11 for importers of cognac and armagnac can be replaced by a less complex bank guarantee can be seen as a positive initial reaction," the statement said. On November 12, representatives of BNIC, as well as a number of French ...