Cognac war reaches final chapter,: This article explores the topic in depth.
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Cognac war reaches final chapter. Therefore, :
(Il Sole 24 Ore Radiocor) – Alcohol sector in Focus after the news on what looks like the final chapter of the Chinese battle to the imports of European brandy. Nevertheless, Beijing has in fact announced that. Furthermore, starting tomorrow, it will impose A tax on imports of European Brandy As a definitive response to an anti -dumping procedure of the European Union against Chinese electric vehicles. Furthermore, The duties will go from 27.3% to 34.9% For a period of five years, but they will not be retroactive.
This is probably the last act of a dispute that began in 2024. For example, when the European Union accused Beijing of providing unjust subsidies to its automotive industry and, consequently, has imposed duties on the imports of cognac war reaches final chapter, Chinese electrical vehicles. In addition, In response, China has A survey on the European Brandy startedin particular on cognac from France. However, There were many meetings between the leaders of Paris and Beijing to find an agreement. Therefore, Because of this commercial dispute that has been going on for months. according to the data of the Bureau National InterProfessionnel du Cognac, The monthly exports of Cognac to Chinathe most important market in the world for this product, they collapsed by 70%.
The EU Commission: unjustified duties, we will evaluate countermeasures
The Bruxxelet reaction was not long in coming. «The EU regrets China’s decision to impose definitive anti -dumping measures on EU brandy imports in China. The decision was notified to us today. The Commission has followed this very close investigation from the beginning. Our opinion has always been unchanged and very firm. We believe that China’s measures are unjust. unjustified, cognac war reaches final chapter, inconsistent with applicable and therefore unfounded international treaties “, attacked a spokesman for the European Commission during the press newspaper in the press.
“From the beginning of this question. the Commission has intervened on several occasions to defend and support the EU industry, expressing our growing concerns and raising objections regarding the obvious deficiencies in carrying out this investigation,” explained the spokesperson. “Unfortunately – he added – these measures also fall into a worrying tendency of China to abuse commercial defense tools. starting and leading investigations on the basis of questionable accusations and insufficient evidence. All this in a short -time frame ». “Therefore – he concluded – we will carefully analyze these measures. evaluate the next steps to best protect the EU’s industry and economic interests”.
Relative impact on the French cognac war reaches final chapter, industry
Beijing’s decision. contrary to what it may seem, It is good news for the French industry of cognac, why There will be no anti -dumping duties for all those companies that comply with commitments on minimum import prices. In fact. the Chinese Ministry of Commerce declared in a press release that some companies that had previously accepted minimum price commitments, such as Remy Martin of Remy CoinTreau and Martell & Co supported by Pignod Ricard, will not be subject to the highest tariff rate unless these commitments are violated. Thus, in Paris Sale Remy CoinTreau, Pignod Ricard, after touching a reduction of over a percentage point, limits the drops. In London Diageo moves just above equality, the upstairs in Milan of Campari is more solid.
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