Tensions ease over China-EU wine probe

25th February, 2014 by Gabriel Stone

A stand off over the alleged dumping of European wine in China at unfairly low prices appears to be moving towards a resolution.

China EUThe issue flared up last summer, when the Chinese authorities launched an investigation and threatened to impose punitive levies on EU wine imports.

The move was widely viewed as retaliation for an EU move to introduce duties on cheap Chinese solar panels, although this has long since been resolved while the wine probe has remained in place.

France was set to be hit particularly hard by the move, since it accounted for more than half the $1.04 billion-worth of European wine shipped to China, excluding Hong Kong, in 2012.

However, in a joint news conference held in Paris yesterday with Chinese commerce minister Gua Hucheng, French trade minister Nicole Bricq indicated that tensions over the issue were easing.

After “constructive dialogue” between the two sides, reported Reuters, Bricq confirmed: “I am particularly happy to be able to say that we are on the right path towards a compromise on the probe into wine.”

A survey conducted last year highlighted the ongoing appeal of French wines among China’s urban middle and upper class, with Bordeaux Cabernet Sauvignon priced below ¥250 (£25) emerging as their typical choice.

 

 

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Job vacancies

Commercial/Sales Manager

Crush Wines Ltd
Bremhill/Home office, GB

Wine Buyer

Adnams
Southwold, UK

Sales Manager - Scotland

Eurowines Ltd
Scotland

Sales Manager - North-West England

Eurowines Ltd
North-West England, UK

Sales Manager - London

Eurowines Ltd
London, UK

Key Account Manager - Grocery

Australian Vintage Limited
London (Croydon), UK

Key Accounts Manager - Impulse

Australian Vintage Limited
London (Croydon), UK

Business Development Manager

Regency Wines Ltd
North Devon & Somerset, UK

Sales Manager - North East England

Eurowines Ltd
Within 15-20 mile radius of York, UK

National Account Manager

Ehrmanns Wines
London, UK

London Account Manager

The Drinks Club
London, UK

London Sales Executive

Gourvid Limited
London and Greater London, GB

Logistics Administrator

Speciality Drinks Ltd
Park Royal, London, UK

Head of Sales - Hush Heath Estate

Hush Heath Estate
Kent/ London, UK

London Sales Executive

VDS UK Ltd
London, UK

The Global Merlot Masters 2017

Deadline : 2nd May 2017

db Awards 2017

Deadline : 28th April 2017

The Global Organic Masters 2017

Deadline : 2nd May 2017

The Global Sparkling Masters 2017

Deadline : 12th May 2017

Click to view more

Global Chardonnay Masters 2016

Now in its fourth year, the competition will identify the best Chardonnay from all around the world in every price range.

Rioja Masters 2016

Now in its fifth year, the competition will recognise and reward the finest Riojas on the world stage.

Fortified Masters 2016

Now in its third year, The Fortified Masters will reward the best fortified wines on offer.

The Global Malbec Masters 2016

the drinks business is proud to announce the inaugural Global Malbec Masters 2016.

Click to view more