Space Travel News
TRADE WARS
China says to impose anti-dumping measures on EU brandy
China says to impose anti-dumping measures on EU brandy
By Peter CATTERALL
Beijing (AFP) Nov 11, 2024

China said Monday it will impose "temporary anti-dumping measures" on brandy imported from the European Union, deepening a trade standoff between Beijing and Brussels after similar measures last month.

China announced provisional tariffs on EU brandy imports last month, saying the alleged "dumping" threatened "substantial damage" to the domestic industry.

And Beijing's commerce ministry said in a statement Monday that authorities have "decided to implement temporary anti-dumping measures in the form of a cash deposit or letter of guarantee" against European brandy products.

The measures, based on calculations involving prices approved by customs, as well as import taxes, follow a similar announcement made by the ministry on October 8.

It was not immediately clear whether these measures -- which come into effect on Friday -- were new or an extension of existing ones.

France -- Europe's leading producer of brandy -- had described the measures announced last month as political, designed to put the EU under pressure after it imposed hefty tariffs on Chinese electric vehicles over unfair competition claims.

Monday's "supplementary announcement" did not say when the latest temporary measures are due to expire.

China launched an investigation in January into brandy imported from the EU after the bloc undertook a probe into Chinese EV subsidies.

The EU decided last month to impose extra tariffs on Chinese-made EVs after an anti-subsidy probe concluded Beijing's state subsidies were unfairly undercutting European automakers.

China imported more brandy than any other spirit in 2022, with most of it coming from France, according to a report by research group Daxue Consulting.

French cognac makers have begged Paris to put an end to the spat, describing themselves as "hostages".

France's foreign trade minister Sophie Primas this month said that Paris was prepared "to take all possible technical and legal measures" in response to the tariffs, following a meeting with a Chinese counterpart.

But she also said she believed the window for negotiation with Beijing over tariffs on European brandy was open.

A second phase of consultations over the measures between the EU and China over the anti-dumping recently began.

As well as the provisional brandy tariffs, Beijing has also launched anti-dumping probes into some European pork and dairy imports.

Brussels is also investigating Chinese subsidies for solar panels and wind turbines.

Related Links
Global Trade News

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
TRADE WARS
Peru's Chancay: China's megaport of entry to South America
Chancay, Peru (AFP) Nov 11, 2024
Huge cranes loom over Peru's massive new Chinese-funded Chancay port, a symbol of Beijing's growing influence in South America which is set to be inaugurated by President Xi Jinping on Thursday. "It's nearly ready," Gonzalo Rios, deputy general manager of the Peruvian subsidiary of Chinese port operator Cosco Shipping, which has a 60 percent stake in the facility, said during a recent visit to the deep-water port. Situated around 50 miles (80 kilometers) north of the capital Lima, the $3.5 billi ... read more

TRADE WARS
TRADE WARS
Ancient Martian waterways carved beneath icy caps

Explanation found for encrusting of the Martian soil

Perseverance surveys its path as it ascends Jezero Crater

Red Rocks with Green Spots at 'Serpentine Rapids'

TRADE WARS
Bridgestone, Astrobotic Collaborate on Lunar Rover Tires

India plans lunar sample mission for 2028

Water extraction from Moon rocks advances for astronaut support

NASA's Lunar Trailblazer will map and analyze moon water

TRADE WARS
Uranus moon Miranda may hold a hidden ocean below its surface

NASA and SpaceX Set for Europa Clipper Launch on October 14

NASA probe Europa Clipper lifts off for Jupiter's icy moon

Is life possible on a Jupiter moon? NASA goes to investigate

TRADE WARS
Optimal Learning Rates Revealed in New Study on Adaptation

Ariel spacecraft prepares for rigorous tests at Airbus facility

Microbes thrive on iron in oxygen-free environments

Astronomers Identify New Organic Molecule in Interstellar Space

TRADE WARS
MSP technology powers accurate manufacturing for space industry

Student capsules brave re-entry heat for NASA research

Centaur Upper Stage Exhibit Honors Longstanding Contributions to Space Program

From contract signing to orbit in just ten weeks

TRADE WARS
Shenzhou 18 brings back samples for space habitability and materials research

Shenzhou 18 crew back in China after 6-month mission to Tiangong station

Chinese space station crew returns after six months in orbit

Shenzhou XIX Crew Joins Tiangong Space Station for Crew Rotation

TRADE WARS
Illuminating ancient origins of 4BN year-old Asteroid Ryugu

Hera's CubeSats call home from Deep Space

NRL captures stunning images of comet Tsuchinshan-ATLAS

Meteorite impact shaped early Earth and promoted life

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.