China has made a preliminary determination that Europe is dumping pork and pork by-products into its market, causing “material injury” to the domestic industry, Beijing’s Ministry of Commerce said on Friday.
Advertisement
The announcement, which carries a “provisional anti-dumping measure” in the form of cash deposits, marks an escalation in China-EU trade tensions after major French cognac producers were exempted from punitive levies stemming from a similar investigation.
“Starting September 10, importers of the products under investigation shall, based on the margin of deposit determined for each company in this preliminary ruling, provide corresponding deposits,” the ministry said.
According to the ministry, the deposits will be provided to China’s General Administration of Customs.
More to follow…
Advertisement
