admin
China’s Ministry of Commerce (MOFCOM) announced on Wednesday the extension of the investigation period for the anti-dumping probe into imports of brandy originating in the EU until April 5, 2025, in view of the complexity of the case.
Earlier on January 5, 2024, the MOFCOM announced that it initiated an anti-dumping investigation into relevant brandy imports from the EU.
According to the announcement in January, the investigation should normally be completed by January 5, 2025, with a six-month extension under special circumstances.
On August 29, the MOFCOM said that a preliminary assessment showed that the imported brandy from the EU involves dumping, and 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.
On November 11, the MOFCOM announced in a statement that starting from November 15, when importing the products under investigation, importers must submit deposits or letters of guarantee to China’s customs authorities based on the dumping margins as specified in the announcement.
The announcement detailed companies for whose products importers must provide deposits or letters of guarantee, with dumping margins ranging from 30,6 percent to 39,0 percent for each company.
Sampled companies included Martell & Co, whose margin ratio was 30.6 percent, Jas Hennessy & Co, whose ratio was 39,0 percent, and E. REMY MARTIN & C°, whose ratio was 38.1 percent.
The companies that cooperated with the investigation had a dumping margin of 34.8 percent, while the rest were subject to a dumping margin of 39,0 percent. — Global Times.
Online Reporter