|ATTRACTIVE FOREIGN BRANDS: Participants carefully observe imported wine at the Third China (Beijing) International Wine Exhibition on June 4 (GUO HAIPENG)|
Chinese winemakers demand anti-dumping and countervailing probe into EU imports.
The China Alcoholic Drinks Association (CADA) on August 20 announced that it had filed a complaint to the Ministry of Commerce (MOFCOM), accusing winemakers in the EU of selling their products below market value and receiving unfair government subsidies.
"At the request of domestic winemakers, our association has submitted a petition to the MOFCOM, asking the ministry to launch anti-dumping and countervailing duty investigations on wine imports from the EU," said Wang Zuming, secretary general of the wine division of CADA.
"CADA has collected evidence through public channels. We have noticed a clear intention to sell European wines in the Chinese market at below-cost price. There is also sufficient evidence to show that the EU has heavily subsidized its wine industry and exporters," Wang said.
News we recommend:
Banks need to transform to boost margins
Consumer finance set to boom in China
Ailing steel industry cheered by construction projects
Chinese firms ramp up presence in Thailand
Mixed outlook on cost of homes
Joining the 500 Club
Energy conservation: A new investment opportunity
Stronger Sino-US trade links vital
Steel producers face bleak months ahead