China to impose temporary anti-dumping measures on brandy originating in EU

CHINA’S Ministry of Commerce (MOC) announced Tuesday that it will impose temporary anti-dumping measures on brandy originating in the European Union (EU) by requiring importers to pay a cash deposit on purchase.

The imported brandy originating in the EU involves dumping, the MOC said in its preliminary assessment publicized on 29 August following an investigation launched in January of this year.

It added that the domestic brandy industry is under substantial threat of damage, and there is a causal relationship between the dumping and the substantial threat of damage.

Effective from Friday, importers of brandy originating in the EU must place deposits with Chinese customs based on dumping margins of between 30.6 per cent and 39 per cent. — Xinhua

Source- The Global New Light Of Myanmar