China has decided to levy anti-dumping tariffs on European cognac, mostly produced in France, effective from Saturday.
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“There is dumping of related imported brandy from the EU, the domestic brandy industry faces a material threat of injury, and there is a causal relationship between the dumping and the material injury threat. The determined dumping margins range from 27.7 per cent to 34.9 per cent,” China’s Ministry of Commerce said in a statement.
More to follow …
