China has reportedly postponed the conclusion of an anti-dumping investigation into EU brandy products.
According to news media reports Bloomberg and Reuters On March 28 (March 28), French Foreign Minister Jean-Noël Barrot told reporters while traveling to China that the conclusion of the investigation had been postponed for three months.
“This measure should give us a few months of breathing space, and the tax-free sales of no obligations are from Cognac and Magnac, which represents a large amount of sales for certain brands,” he said in an email. Bloomberg.
In January, China’s Ministry of Commerce announced that it had extended its anti-dumping investigation into brandy, which originated in the EU, for three months.
The survey, launched on January 5, 2024, was initially due to the final year and is expected to be completed on April 5.
When contacting Just drinkThe French National Cognac Trade Bureau, the State Enterprise Bureau (BNIC) said that the news has been announced to the media.
It added: “We need to look at the feedback we will receive from the French government in more detail.”
Cognac manufacturers such as Pernod Ricard (such as Pernod Ricard) have been unable to sell on duty-free channels for some time.
In February, after the early release of the first half results, CFO Helene de tessot mentioned the suspension in a call with analysts and explained that the company was seeing a deterioration in China with the “no duty suspension affecting the travel retail retail retail industry”. [in] Asia. More specifically, China is exempt from taxes and ignores China without obligations.”
“China’s ‘Delayed Cognac Survey’ was originally created and published by global data-owned brand Just Drinks.
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