Caixin
May 03, 2024 04:04 AM
BUSINESS

French Cognac Producers Push for Deal on China Dumping Probe

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(Bloomberg) — Cognac makers accused of dumping French brandy in China have called for a deal to end the dispute before President Xi Jinping’s state visit to France.

The summit on May 6 offers a “unique opportunity for an agreement,” the Bureau National Interprofessionnel du Cognac, an industry association, said in a statement Thursday.

China’s Ministry of Commerce started an anti-dumping investigation into liquor products such as distilled grape brandy, known as Cognac, from the European Union earlier this year. The move came after the EU opened a probe last fall into China’s electric vehicle subsidies.

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