Reference News Network, July 5 report - According to AFP, July 4 report, France has praised China's measures taken to resolve the brandy trade dispute on July 4.
Amid talks between Chinese Foreign Minister Wang Yi and French President Macron and Foreign Minister Barbara in Paris, there are signs of easing in this wine trade dispute.
According to the latest regulations, China will require EU brandy exporters to increase prices from July 5, otherwise importers will face anti-dumping duties of up to 34.9%.
Beijing stated that 34 European brandy producers, including several French Cognac producers, have reached an agreement that if they comply with the set minimum price, they can be exempted from anti-dumping duties.
The French National Cognac Industry Board confirmed that some companies have agreed to raise prices in China to avoid anti-dumping duties.
Macron and Barbara praised China's measures to resolve the dispute.
Macron said on X platform: "This is a positive step in resolving the dispute that threatened our exports." (Translated by Tu Qi)
Original: https://www.toutiao.com/article/7523553630696292903/
Statement: The article represents the views of the author. Please express your opinion by clicking on the [Upvote/Downvote] buttons below.