Wine dispute ends with an agreement
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)