France: China does not wish to see Cognac tariffs applied amid anti-dumping investigation [Yahoo! Finance]
REMY COINTREAU UNSP/ADR (REMYY)
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Source: Yahoo! Finance
Following a meeting between Macron and Chinese president Xi Jinping at the Elysée Palace, Macron told reporters he thanked Xi for his “openness regarding the provisional measures on French cognac and his wish not to see them applied”. In January, China opened an anti-dumping investigation into allegations of EU dumping of wine-based spirits into its market. The probe was launched in response to complaints by the China Liquor Industry Association, China's ministry of commerce said. The brandy investigation, due to be completed within one year, will look into allegations of dumping between 1 October, 2022 and 30 September, 2023, including EU-origin brandy imported in containers of less than 200 litres. Cognac trade advocacy group, The Bureau National Interprofessionnel du Cognac, said it has taken “note of the statements” and that “we have yet to analyse their real scope and are awaiting confirmation that Cognac producers will not be subject to additional taxes on the Chinese mar
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