Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Economy

China extends EU brandy anti-dumping investigation by three months

admin by admin
December 25, 2024
in Economy
0
China extends EU brandy anti-dumping investigation by three months
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

BEIJING (Reuters) -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 measures require China’s importers to pay security deposits of nearly 40% if they wish to import brandy from the bloc, making it more costly upfront to ship brandy from the EU.

France’s trade ministry previously called the Chinese measures “incomprehensible”, and that they had violated free trade.

Last month, the EU Commission said it had formally brought the provisional Chinese anti-dumping measures to the World Trade Organization.

French brandy shipments to China reached $1.7 billion last year and accounted for 99% of the country’s imports of the spirit.

This post appeared first on investing.com

Previous Post

The Trump factor: EU defence sector to keep holding a strong premium through 2025

Next Post

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.18%

admin

admin

Next Post
Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.18%

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.18%

Trending News

5 Wall Street analysts discuss Apple stock outlook after a mixed earnings report

5 Wall Street analysts discuss Apple stock outlook after a mixed earnings report

November 1, 2024
Earnings call: Conagra Brands navigates hurdles, maintains fiscal 2025 goals

Earnings call: Conagra Brands navigates hurdles, maintains fiscal 2025 goals

October 3, 2024
Long COIN: bullish breakout above key moving averages signals strong upside potential amid earnings volatility

Long COIN: bullish breakout above key moving averages signals strong upside potential amid earnings volatility

October 17, 2024
Subscribe to Insightful Word


    Recent News

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    June 6, 2025
    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    June 6, 2025
    Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    June 6, 2025
    Starlink reportedly secures key licence in India, moves closer to launching services

    Starlink reportedly secures key licence in India, moves closer to launching services

    June 6, 2025

    Recent News

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    June 6, 2025
    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    June 6, 2025

    Latest News

    • China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll
    • FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more
    • Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.