China's Ministry of Commerce announced on Wednesday that it would extend the duration of an anti-dumping investigation into brandy originating from the European Union (EU).
The ministry will postpone the final ruling, given the complexity of the case and in accordance with relevant regulations, He Yongqian, spokeswoman of the ministry, said at a press conference in Beijing on Thursday.
The ministry initiated the investigation on Jan 5 this year following a request from the China Alcoholic Drinks Association on behalf of the domestic industry and it is initially set to conclude in January 2025.
Now the investigation has been extended until April 5, 2025, according to the ministry.
Since Oct 11, China has imposed temporary anti-dumping measures on brandy originating from the EU. Importers of brandy originating from the EU must place deposits with Chinese customs based on dumping margins of between 30.6 percent and 39 percent.
"At the request of the domestic brandy industry, the Ministry of Commerce initiated an anti-dumping investigation into relevant brandy originating and imported from the EU in January 2024. After the case was filed, the Chinese institutions have carried out investigations strictly following relevant Chinese laws and regulations and WTO rules, and made a preliminary ruling in August 2024. Currently, EU exporters have submitted price commitment applications, and the domestic brandy industry has asked for legal protection. Given the complexity of the case and at the EU's request, the investigating authority has decided to postpone the final ruling and hopes that all parties concerned will continue to cooperate with the investigation," said He.