China says anti-dumping probe into EU brandy still continues

China said it is pressing ahead with a probe into dumping of brandy from the European Union, after a preliminary investigation led to anti-dumping measures last year.

Beijing took temporary measures on October 11 and the probe will continue, the Ministry of Commerce said in an emailed response to a Bloomberg News query about blocked distribution of French brandy in China’s duty-free channel.

Bloomberg reported last week that the three biggest Cognac makers — Pernod Ricard SA, Remy Cointreau SA and LVMH’s Hennessy — have been unable to restock duty-free travel hubs across China since early December.

French Cognac shipments to China, with duty-free shops accounting for a significant part of the sales, slid by 75 percent in December. It came after China imposed tariffs on EU brandy in October following the European bloc’s decision to levy duties on Chinese-made electric vehicles.

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