Senin, 17 Juni 2024

China opens tit-for-tat anti-dumping probe into European pork - CNA

China's state-backed Global Times newspaper first reported late last month that Chinese firms planned to ask authorities to open an anti-dumping investigation into some European pork products, citing an unidentified "business insider".

That was followed by a second report in the same outlet on Jun 8 requesting officials look into European dairy imports.

Chinese authorities have previously hinted at possible retaliatory measures through state media commentaries and interviews with industry figures.

A spokesperson for the European Commission said the bloc was not worried about China opening its investigation and told reporters the EU would intervene appropriately to ensure the investigation complied with all relevant World Trade Organisation rules.

The EU accounts for more than half the roughly US$6 billion worth of pork China imported in 2023, according to customs data, around a quarter of which was from Spain alone.

Second- and third-ranking, the Netherlands and Denmark last year exported to China pork products worth US$620 million and $550 million respectively.

China's commerce minister Wang Wentao earlier this month travelled to Spain to court officials ahead of the Commission announcing its decision on whether Chinese electric vehicle producers benefit from distortive state subsidies.

"It will not be the first time that a probe announced in one jurisdiction is responded to in kind, so in view of the EU electric vehicles probe, this is not a surprise," Jens Eskelund, president of the European Union Chamber of Commerce in China, said.

"Free and open markets rely on rules-based trade practices," he added.

Growing alarm over Chinese industrial overcapacity flooding the EU with cheap products, including EVs, is opening a new front in the West's trade war with Beijing, which began with Washington's import tariffs in 2018.

EU trade policy is turning increasingly protective against the global ramifications of China's production-focused, debt-driven development model.

Governments typically place anti-dumping duties on imported goods when they suspect the item in question is being sold for less than it cost to produce in order to protect domestic firms.

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2024-06-17 18:38:00Z
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