Following Europe's
provisional anti-dumping duties on Chinese solar panel makers, China also
launched anti-dumping and anti-subsidy investigations into European wine.
Even
though lots
of analysts feel
trade tensions are mounting concerning
China and Europe, the European Commission believes the
two sides are nonetheless
far far
from a trade war.
On Wednesday China's Commerce Ministry announced it will launch an investigation into no matter if European winemakers are getting improper subsidies in exporting their items to China. The European Commission denied such allegations and expressed willingness to cooperate with China on its inspections. If evidence of dumping is located, France, Italy and Spain, are 3 big wine-making countries that could be impacted.
The European Commission says it doesn't think the probe is in direct relation with the provisional tariff imposed by Europe on Chinese solar solutions. It also doesn't believe the two sides are about the verge of a tit-for-tat trade war.
China's Commerce Ministry announced it really is opening the investigation into European wine imports in response to obtaining complaints from domestic wine makers last 12 months. China's wine makers allege that unfair government subsidies from Europe is damaging China's domestic wine sector.
Wine sales from Europe to China quintupled in the past 5 years, from 140 million euros to recent product sales of 760 million euros.
On Wednesday China's Commerce Ministry announced it will launch an investigation into no matter if European winemakers are getting improper subsidies in exporting their items to China. The European Commission denied such allegations and expressed willingness to cooperate with China on its inspections. If evidence of dumping is located, France, Italy and Spain, are 3 big wine-making countries that could be impacted.
The European Commission says it doesn't think the probe is in direct relation with the provisional tariff imposed by Europe on Chinese solar solutions. It also doesn't believe the two sides are about the verge of a tit-for-tat trade war.
China's Commerce Ministry announced it really is opening the investigation into European wine imports in response to obtaining complaints from domestic wine makers last 12 months. China's wine makers allege that unfair government subsidies from Europe is damaging China's domestic wine sector.
Wine sales from Europe to China quintupled in the past 5 years, from 140 million euros to recent product sales of 760 million euros.
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