(CercleFinance.com) – In Paris, Pernod Ricard and Rémy Cointreau respectively lost nearly 4% and 11%, while Diageo lost 1.5% in London, after the Chinese Ministry of Commerce announced today the launch of an anti-dumping investigation into ‘spirits made from distilled wine imported from the EU and packaged in containers of less than 200 liters’.
At the origin of this investigation is the China Liquor Industry Association: this national structure considers that ‘the dumping behavior on imported brandy products originating from the EU has an impact and represents a threat to the national brandy industry ‘.
Consequently, the Chinese ministry has decided to open an investigation from today and will look into potential dumping practices on these brandies between October 1, 2022 and September 30, 2023.
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