A Chinese state media-affiliated social media account has suggested that Beijing could launch anti-dumping and anti-subsidy investigations into European Union wines, particularly those from France. Read More
Anti-dumping
This price hike marked its first price adjustment in China since the government imposed anti-dumping measures on European brandy imports earlier this year. Read More
Workers at Hennessy’s bottling plant in southwestern France went on strike Tuesday after the cognac maker announced it is considering relocating part of its VSOP bottling operations to China to circumvent punitive tariffs. Read More
China and France have resumed discussions on China’s anti-dumping measures targeting European brandy imports, French spirits lobbying groups said on Nov. 12, calling the development “a positive initial response.” Read More
China has officially launched an anti-dumping probe into EU-produced brandy, dealing a huge blow to leading brandy and cognac producers including LVMH, Pernod Ricard and Remy Cointreau. Read More
Australia’s annual wine exports contracted 11% in value to AU$2.01 billion but Wine Australia is sanguine about its future as it is seeing “the tail end of the decline” in exports to mainland China. Read More
Treasury Wine Estates appears to have absorbed the shock from China’s punitive tariffs and “is positive on outlook across its key markets outside mainland China” for the year 2022, the company has announced in its latest 2021 annual report. Read More
Australian wine exports to China were shaved off by over 95% since the punitive tariffs came into effect last November, painting a grim roadmap that leaves little breathing room for Australian wineries in the Chinese wine market for the next five years. Read More
China further inflicted more punitive tariffs on Australian wine today, less than two weeks after smacking a crippling 212% tariff. Is this the final nail on the coffin? Read More