Beijing stated in August that it would not implement temporary tariffs on European cognac producers even though it had found proof of dumping, but that it would not act out additional actions.
From Friday, users will have to spend a” related guarantee” to Chinese customs when importing EU vodka into the land, Beijing’s business department said.
The amount may be determined based on customs-approved prices as well as transfer taxes, according to the statement.
According to the government, the investigation “preliminarily determined that imports of some brandy emanating from the EU were being dumped, threatening significant damage to the local vodka business.”
Additionally, the investigation found” a direct connection between the dumping and the threat of large damage,” it added.
Additionally, the ministry released a list of the rates that each business would be expected to pay, which ranges from 36 % for Jas Hennessy to 38 % for Remy Martin and 36 % for Cognac House Martell.
According to a statement from the research firm Daxue Consulting, China imported more brandy than any other soul in 2022, with the majority of it coming from France.
French President Emmanuel Macron presented him with containers of the pricey beverage in May after thanking Xi Jinping for absolving customs duties on European cognac.
However, the EU gave the final approval last week to impose additional tariffs of up to 35.3 % on imported electric vehicles from China, blaming Beijing for unfairly subventioning its domestic industry to the detriment of German manufacturers.
After that vote, French whiskey producers, which make up the majority of imported German lagers into China, claimed they were being” abandoned.”
The National Interprofessional Cognac Bureau stated in a speech that” the French government have abandoned us.”
Additionally, Brussels is looking into Foreign grants for wind and solar power plants.
Beijing has even launched an investigation into EU subsidies for some imported cheese and meat products.