Core Viewpoint - The Ministry of Commerce of China has announced the final ruling on the anti-dumping investigation regarding imported brandy from the European Union, confirming the existence of dumping and substantial damage to the domestic industry, with a dumping margin of 27.7% to 34.9% [5]. Group 1: Final Ruling Details - The final ruling states that 34 EU companies' price commitments were accepted, meaning their products will not be subject to anti-dumping duties if they meet the agreed price conditions [2][5]. - The anti-dumping tax will be implemented starting from July 5, 2025, for a duration of five years, based on the Ministry's recommendation to the State Council Tariff Commission [5]. Group 2: Investigation Background - The investigation was initiated on January 5, 2024, following a request from the domestic brandy industry, and was conducted in accordance with Chinese laws and WTO rules [10]. - The products under investigation are defined as spirits obtained by distilling grape wine in containers holding less than 200 liters, commonly referred to as brandy [6][7][8]. Group 3: Considerations for Price Commitments - The acceptance of price commitments reflects China's cautious approach to trade remedy measures, aiming to maintain fair competition in the market [4]. - The domestic industry supports the final ruling and the price commitment approach, while the EU industry has also expressed approval [4].
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证券时报·2025-07-05 08:25