The editorial team advises you
Beijing opened an investigation into imports of European brandy in January after the European Commission opened an investigation into state subsidies benefiting electric vehicles manufactured in China, whose low prices distort competition according to Brussels.
Beijing had initially indicated that its investigation into European brandies would likely be completed in January, but the Commerce Ministry announced on Wednesday that it would last until April 5.
The ministry did not provide details, saying only that it was extending “the time of the investigation” due to “the complexity of this matter”.
The editorial team advises you
In November, China announced it would impose “temporary anti-dumping measures” on brandy imported from the EU. In October, China decided to require European importers to post a deposit with Chinese customs.
Cognac, a French specialty, alone represents 95% of European brandies. The European Union challenged these measures before the World Trade Organization (WTO).
Beijing's move appeared as retaliation against Brussels after the EU imposed additional customs surcharges on electric vehicles made in China and sold in the EU.
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France
