China extends EU brandy investigation

The Chinese Ministry of Commerce has decided to extend its anti-dumping investigation into EU brandy by three months, instead of the possible six months it could have been extended for. The extension is due to the intricacy of the investigation, according to the ministry. The probe, which was initiated on Jan. 5, was previously threatened to harm China's own sector, as shown in the preliminary findings. Temporary measures were implemented in October, including a nearly 40 percent security deposit for imports from the EU. The EU Commission has taken the Chinese anti-dumping measures to the World Trade Organization.

The Chinese Ministry of Commerce yesterday said it would extend its anti-dumping investigation into brandy originating from the EU 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, would 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, including French brands Hennessy and Remy Martin. The probe was widely seen as a response to France’s support for EU tariffs on China-made electric vehicles. French President Emmanuel Macron previously called the probe “pure retaliation.” The Chinese measures require China’s ...