China announced on August 21 that it had launched an anti-subsidy investigation into dairy products imported from the European Union (EU), a move in response to the EU's imposition of anti-subsidy duties on electric vehicles made in Beijing.
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| Cheese products from EU importers are displayed at a supermarket in Beijing, China, June 13, 2024. (Source: Reuters) |
The investigation, initiated by China's Ministry of Commerce, will focus on a wide range of consumer goods such as cheese, milk and cream, covering imports from early April 2023 to late March 2024 while the period for assessing industrial damage runs from 2020 to the end of the first quarter of 2023.
The move was prompted by a complaint filed on July 29 by the China Dairy Association and the Dairy Industry Association, which represent the domestic dairy industry, the Ministry of Commerce said.
Accordingly, China will consider 20 subsidy programs from EU member states, specifically programs from Austria, Belgium, Croatia, the Czech Republic, Finland, Italy, Ireland and Romania. Of these, Ireland is currently the largest exporter of milk and dairy products to China, with a value of up to 461 million USD in 2023.
According to the Chinese Ministry of Commerce, the investigation will last no more than a year, but can be extended for another six months.
According to China Customs, in the first 7 months of 2024, China imported more than 315 million USD worth of affected dairy products from the EU, . France is currently the leading supplier with an export value of up to 115 million USD, followed by Italy with an export value of 43 million USD.
On Tuesday (August 20), the European Commission (EC) announced its latest draft ruling on anti-subsidy duties on pure electric cars imported from China.
Accordingly, the new tax rate for electric cars produced by Chinese enterprises is slightly lower than the tax rate announced last July. The EU also decided to implement a separate tax rate for Chinese exporting enterprises, currently at 9%, much lower than the previously determined level of 20.8%.
In response to the EC's latest move, a spokesperson for the Chinese Ministry of Commerce immediately voiced opposition, saying that the EU's final ruling did not fully reflect China's views and was based on "facts" unilaterally determined by Europe, rather than being recognized by both sides.
Since the end of June, China and the EU have conducted more than 10 rounds of technical consultations regarding the anti-subsidy investigation into Chinese electric vehicles and hope to properly resolve trade disputes with the EU through dialogue and negotiation, and not let the disputes escalate. A spokesperson for the Chinese Ministry of Commerce stressed that Beijing will take necessary measures to resolutely protect the legitimate rights and interests of its enterprises.
Source: https://baoquocte.vn/trung-quoc-chinh-thuc-dieu-tra-chong-tro-cap-doi-voi-sua-nhap-khau-tu-eu-cang-thang-thuong-mai-lai-duoc-cham-ngoi-283286.html
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