World Courant
China’s investigation into EU pork is in retaliation for the bloc’s determination final week to impose extra tariffs on Chinese language electrical automobiles.
China has opened an investigation into pork imports from the European Union after the bloc imposed anti-subsidy duties on Chinese language-made electrical automobiles.
China’s Ministry of Commerce introduced the investigation on Monday, saying it is going to concentrate on pork for human consumption, reminiscent of recent, chilly and frozen entire cuts, in addition to pig intestines, bladders and stomachs.
“The Ministry of Commerce has opened an anti-dumping investigation into the import of related pork and pork by-products originating from the European Union,” the ministry mentioned in an announcement.
Pork is China’s hottest meat and a staple of diets throughout the nation.
Beijing customs knowledge present that imports of pork and pork by-products from EU nations totaled greater than $3 billion final yr.
An worker shares a freezer the place pork and different meat merchandise are displayed at a grocery store in Beijing, China on June 13, 2024 (File: Florence Lo/Reuters)
The probe into EU pork imports comes after the bloc’s determination final week to impose extra tariffs, as much as 38.1 p.c, on imports of Chinese language electrical automobiles from subsequent month following an anti-subsidy probe.
The European Fee pointed to “unfair subsidies” in China, which it mentioned “poses a menace of financial harm” to EU electrical automobile makers.
It proposed preliminary tariff will increase for Chinese language producers of 17.4 p.c for main BYD, 20 p.c for Geely and 38.1 p.c for SAIC.
The state-backed World Instances newspaper first reported final month that Chinese language corporations deliberate to ask authorities to open an anti-dumping investigation into sure European pork merchandise, citing an unidentified “enterprise insider.”
Chinese language authorities have beforehand hinted at doable retaliation by means of feedback in state media and interviews with trade.
A European Fee spokesperson mentioned the bloc just isn’t involved in regards to the Chinese language investigation and can “monitor the process very carefully in coordination with EU trade and our Member States”.
“We’ll intervene the place essential to make sure that the investigation is totally compliant with all related World Commerce Group guidelines,” spokesman Olof Gill mentioned.
Spanish Agriculture Minister Luis Planas mentioned he hoped there can be “room for understanding” concerning the choice.
“I’ve mentioned it time and time once more: commerce wars aren’t good, particularly within the agri-food sector, as a result of they in the end erode residents’ buying energy and selection,” Planas mentioned.
Spain is the EU’s largest exporter of pork merchandise to China, promoting 560,488 tonnes to the world’s second-largest economic system final yr, for a complete worth of 1.2 billion euros ($1.29 billion), in response to trade physique Interporc.
The Netherlands and Denmark ranked second and third final yr in exports of pork merchandise to China, price $620 million and $550 million respectively.
China launches anti-dumping investigation into imports of pork from the EU | Enterprise and financial information
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