China Considers Anti-Subsidy Probe into EU Dairy Imports Amid Escalating Trade Tensions
Source: The DairyNews
Chinese enterprises are gearing up to request an "anti-subsidy" investigation into certain dairy product imports from the European Union, as reported by the Global Times, a state-affiliated newspaper. This move could mark a significant escalation in the ongoing trade tensions between China and the EU.
Although specifics were not provided, the backdrop to this development includes a noticeable decline in EU dairy exports to China, falling from €2 billion in 2022 to €1.7 billion in 2023, according to Eurostat data released by the European Commission's Directorate-General for Agriculture and Rural Development.
The potential investigation is part of a broader pattern of trade disputes between the two economies. Earlier this year, China initiated a probe into EU-branded brandy, and the EU has launched several investigations into Chinese products ranging from iron and steel to electric vehicles, which may result in new tariffs.
Furthermore, this isn't the first time Chinese businesses have called for investigations into European products; a similar request was made concerning EU pork imports earlier in May.
The potential investigation is part of a broader pattern of trade disputes between the two economies. Earlier this year, China initiated a probe into EU-branded brandy, and the EU has launched several investigations into Chinese products ranging from iron and steel to electric vehicles, which may result in new tariffs.
Furthermore, this isn't the first time Chinese businesses have called for investigations into European products; a similar request was made concerning EU pork imports earlier in May.
