Latest news with #brandyIndustry

South China Morning Post

China to levy anti-dumping tariffs on European cognac

China has decided to levy anti-dumping tariffs on European cognac, mostly produced in France, effective from Saturday. 'There is dumping of related imported brandy from the EU, the domestic brandy industry faces a material threat of injury, and there is a causal relationship between the dumping and the material injury threat. The determined dumping margins range from 27.7 per cent to 34.9 per cent,' China's Ministry of Commerce said in a statement. More to follow ... Advertisement