The Ministry of Commerce of the People’s Republic of China published a decree introducing temporary anti-dumping measures in the form of collateral for imported brandy from the European Union.
According to the ministry’s statement, each brandy supplier must make an advance payment of 30.6%-39.0% of the value of goods from October 11. The Ministry of Commerce clarified in August 2024 that it conducted an investigation and ruled that there was dumping of imported EU brandy, resulting in a ruling to impose anti-dumping duties.
The decision of the Chinese Ministry was made four days after the European Commission proposed imposing countervailing duties on Chinese electric vehicle imports.
Earlier, the European Commission said that it had gathered sufficient evidence to suggest that the recent increase in low-priced and subsidised imports of electric vehicles from China to the EU poses an economic threat to Europe’s electric car industry.
