Anti-dumping probe welcomed by Chinese producers28th June, 2013 by Shiying Huang
China’s anti-dumping investigation into EU wine exports has been welcomed by Chinese producers, who see it as an opportunity to further expand sales in their domestic market.
On 5 June, as previously reported by the drinks business, China announced that it was to launch anti-dumping investigations into EU’s export of wines to China, citing their national laws and policies on anti-dumping practices as the authority for their decision.
EU wine accounts for 64% of wines imported into China.
The Chinese government believes that EU wines which sell at a lower cost than those produced China could cripple market prospects for the domestic Chinese wine industry.
Currently, however, it is Chile that holds the largest share of China’s imported bulk wine market.