The Chinese
and European wine-making organizations reached «a mutual agreement «to solve
"disputes" related to an investigation antidumping started by Beijing
in June, 2012.
The market of wine in China
The good
news has just fallen and will be celebrated during the visit in France of
president Xi Jinping: China ends about forty in which it held French wines for
one year. After seven "rounds" of negotiations during the last four
months, the wine professionals of the EU and China reached finally a draft
agreement.
China had
opened at the beginning of July an investigation antidumping on the wine which
it imports of the European Union, in answer to the institution by the European
Commission of temporary taxes on the Chinese photovoltaic panels. Planned to
last on one year, the investigation also had to deal with subsidies in the
wine-making sector in the EU and their impact on the production of wine in
China.
Worried of
avoiding a commercial war, the European Commission and the Chinese authorities
had reached at the end of July a temporary agreement in the case of the solar
energy. THE EU had so agreed to end taxes antidumping temporary, provided that
the Chinese exporters of photovoltaic signs respect a minimum price.
China first market for european red wine
The exports
of European wines in China represented 1billion dollars in 2013, which is nearly
70 % of the Chinese imports of wines.
This battle
on the European wine had indeed been launched in June, 2013. A few weeks later,
the Commission had given up these taxes, and had reached an amicable mutual
agreement with the Chinese solar producers on their export sales. Beijing had
not given up for all that its attack against the French wine, as to show that
we do not play with its industrial interests.
The
European producers thus made a commitment for coming two years to supply a
technical support (techniques of vine growing, quality control of wine making)
to the producers of Chinese wine. In exchange, the latter are supposed to help
to promote more the culture of the wine on the rapidly growing Chinese market.
According to a study Vinexpo published at the end of January, China became the
first consumer of red wine to the world.
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