China Imposes Countervailing Measures on EU Dairy Products

According to the statement by the Chinese regulator, importers of dairy goods from the EU will be required to pay a compensatory deposit at Chinese customs. Essentially, this will mean additional financial costs for European suppliers, which will be in effect until the final resolution of the matter.

China's Ministry of Commerce also released a list of European companies whose products are subject to these measures, along with the ad valorem countervailing duty rates. Depending on the manufacturer, the additional duties will range from 21.9% to 42.7% of the customs value of the goods.

The Chinese authorities explain that the decision is based on preliminary findings of the investigation, which indicated the presence of subsidies from the EU, believed by the Chinese side to harm domestic dairy producers.