Wine dis­pute ends with an agree­ment

China Daily (Canada) - - NEWSCAPSULE -

China and the Euro­pean Union ended an anti-dump­ing and anti-sub­sidy in­ves­ti­ga­tion into EU wine ex­ports, the Min­istry of Com­merce said.

China launched the in­ves­ti­ga­tion last year to de­ter­mine if Euro­pean prod­uct was sold be­low fair value in China. The case was widely be­lieved to be a counter mea­sure to EU moves to im­pose puni­tive du­ties on so­lar pan­els from China. The so­lar dis­pute, which took the two economies to the edge of a trade war, was re­solved through a price un­der­tak­ing with Chi­nese Pre­mier Li Ke­qiang’s me­di­a­tion dur­ing his visit to Europe in May.

EU wine ex­ports to China reached 257 mil­lion liters in 2012 and were worth nearly $1 bil­lion, more than half com­ing from France. (Photo 2)

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