LOGO

Financial news
Home
Knowledge Hub
China opens anti-subsidy probe into European dairy imports
2024-08-21 15:47:08

BEIJING (Reuters) -China has opened an anti-subsidy investigation into imported dairy products from the European Union, a step that appears mainly aimed at Ireland and in response to the bloc's curbs on its electric vehicle exports.


The investigation announced by China's commerce ministry on Wednesday will focus on various types of cheeses, milks and creams intended for human consumption.


The probe began on August 21.


It was prompted by a complaint submitted by the Dairy Association of China and the China Dairy Industry Association on July 29 on behalf of the domestic dairy industry, the ministry said.


China will examine 20 subsidy schemes from across the 27-strong bloc, specifically those from Austria, Belgium, Croatia, Czech Republic, Finland, Italy, Ireland, and Romania, it said in a statement.


Of the countries listed, Ireland is by far the biggest exporter of dairy products to China, having sold $461 million worth of goods to the Asian nation last year.


The EU on Tuesday revised its proposed punitive duties on imports of Chinese-made electric vehicles, but fell short of abandoning them, as Beijing had called on Brussels to do.

create_account

×
1
personal_identification
2
address_verification
3
employment_financial_profile
4
trading_experience_risk_awareness
5
professional_account_eligibility
6
source_of_funds_compliance
7
corporate_entity_information
8
review_submit

personal_identification

valid_email_address
valid_phone
valid_password
valid_confirm_password
field_required
field_required
field_required
field_required
field_required
field_required
field_required
field_required
field_required

address_verification

field_required
field_required
field_required

employment_financial_profile

field_required
field_required
field_required
field_required
savings_and_investments_excluding_property_help
field_required

trading_experience_risk_awareness

field_required
field_required
field_required
field_required

professional_account_eligibility (optional)

source_of_funds_compliance

field_required

corporate_entity_information

complete_this_section_if_corporate_account

review_submit

review_submit_note
field_required
field_required
field_required

registration_successful

registration_successful_message