Press Release: Positive outcome for Black Friday 2024
29 November 2024
Feedback reported to the Malta Chamber of SMEs on Black Friday results indicates mixed outcomes....
Beijing opens anti-dumping probe into EU wine imports
07 June 2013
BBC News reports that China has launched an anti-subsidy andanti-dumping investigation into wine imported from the EU. Some analysts claim that the move comes in
"retaliation" to the EU decision to impose anti-dumping measures on
Chinese solar panel imports.
Brussels announced yesterday that it would impose the
levies after an investigation found that photovoltaic technology from China was
being sold for less than its fair value. EU trade commissioner Karel De Gucht said the price of
Chinese solar products should be 88 per cent higher than current levels, but
Beijing insists that the EU's imposition of levies on the country's solar
exports is "unfair".
The Washington Post reports De Gucht as saying that
China's pricing of solar products could destroy photovoltaic production in the
EU, warning, "20,000 jobs in Europe are at stake".
According to the paper, the Chinese ministry of
commerce has openly rejected the EU measures and expressed hope that a
settlement can be reached through consultations.
The Wall Street Journal says a spokesperson for the
Chinese commerce ministry underlined the importance of trade relations between
China and the EU, but simultaneously announced an investigation into EU wine
imports.
"Wine imports from the EU enter our market via
dumping, subsidies and other unfair trade practices, and have hit our wine
production," said the spokesperson.
China's wine market has increased significantly in the
last few years, with two thirds of Beijing's 430 million litres of imported
wine in 2012 coming from EU suppliers.
