China imposes anti-dumping measures on wine spirits imported from the EU

The ministry said in a statement that dumping of wine spirits from the European Union was causing “significant damage” to the Chinese industry. The ministry said the imported products were sold below market prices, distorting competition and endangering domestic producers.

From July 5, importers of wine spirits from the EU will have to deposit a security of between 27.7 and 34.9 percent of the import value, it said.

The anti-dumping duties affect more than 60 European companies, with French cognac producers being hit hardest. France is a major exporter of wine spirits to China, with most of the drinks affected coming from that country.

The Chinese ministry said at the same time:

34 companies can be exempted from the duty if they meet the pre-agreed price agreement conditions.

However, spirits shipped in containers of more than 200 liters are not covered by the measure, they added.