will try to protect the cognac sector from Chinese reprisals

will try to protect the cognac sector from Chinese reprisals
France will try to protect the cognac sector from Chinese reprisals

“They unfairly target and certain sectors, which have nothing to do” with electric vehicles and “the minister will be keen to bring the voice of farmers and these sectors into her discussions, in particular with the Chinese Minister of Commerce , Wang Wentao,” indicates this source. This involves asserting to the Chinese authorities “that this type of exploitation of trade defense instruments is unacceptable”, she underlines.

The cognac inter-profession considers itself “sacrificed” by the French government, which firmly supported the imposition by the EU of additional customs duties on electric cars imported from China – definitively confirmed this week by Brussels.

A quarter of exports to China

In response to this measure, which it considers protectionist, China is threatening to overtax European brandies (wine-based spirits), of which cognac represents 95%. Since mid-October, it has already required importers to deposit a deposit with Chinese customs. China alone represents 25% of cognac exports.

Even before the confirmation of European surcharges on cars, Beijing had also launched anti-dumping investigations targeting pork and dairy products imported from Europe, posing a threat to these sectors. Sophie Primas will notably attend the China International Import Fair (CIIE) in Shanghai, a major annual economic event in China. France will have the status of guest of honor at this fair and will have a total of around 130 companies present. , however, wishes to adopt a balanced tone during this ministerial visit.

France

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