{"id":134407,"date":"2024-10-09T07:30:29","date_gmt":"2024-10-09T04:30:29","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/eu-to-launch-wto-challenge-against-chinas-brandy-squeeze\/"},"modified":"2024-10-09T07:30:29","modified_gmt":"2024-10-09T04:30:29","slug":"eu-to-launch-wto-challenge-against-chinas-brandy-squeeze","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/eu-to-launch-wto-challenge-against-chinas-brandy-squeeze\/","title":{"rendered":"EU to launch WTO challenge against China\u2019s brandy squeeze"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/134407\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>Beijing&#8217;s decision appeared to be a retaliatory move after the European slapped more import tariffs on Chinese-made electric vehicles. Trade relations between Brussels and Beijing have become increasingly strained. The European Union said Tuesday it will launch a challenge at the World Trade Organization (WTO) against China&#8217;s decision to put anti-dumping measures on brandy imported from the bloc.<\/p>\n<p>&#8220;The European Commission will challenge, at the WTO, the announced imposition of provisional anti-dumping measures by China on imports of brandy from the EU,&#8221; the European Commission&#8217;s trade spokesperson Olof Gill said in a statement. &#8220;We believe that these measures are unfounded, and we are determined to defend EU industry against the abuse of trade defense instruments,&#8221; Gill added.<\/p>\n<p>The Chinese Commerce Ministry released a list showing the rates each firm would expect to pay, ranging from 30.6% for cognac house Martell to 39% for Jas Hennessy and 38.1% for Remy Martin. China&#8217;s tit-for-tat move after EU tariffs on electric vehicles. Beijing&#8217;s decision appeared to be a retaliatory move after the EU slapped hefty additional import tariffs on Chinese-made electric vehicles.<\/p>\n<p>Further complicating an already strained trade relationship between Beijing and Brussels, last week the EU approved major tariffs on Chinese electric vehicles, prompting German fears of a trade war. As the EU&#8217;s largest automobile manufacturer, according to Statista, with approximately 4.1 million vehicles produced, Germany&#8217;s concerns are particularly heightened.<\/p>\n<p>EU economy chief Paolo Gentiloni defended the stance as &#8220;reasonable&#8221; and said the bloc was &#8220;never worried&#8221; over a possible response from Beijing. &#8220;We had a serious investigation,&#8221; Gentiloni told reporters in Luxembourg, referring to last year&#8217;s anti-subsidy probe which looked into Chinese electric cars. China&#8217;s economy has been slowing in recent years, affected by decreasing consumption, local government debt, and a major housing crisis.<\/p>\n<p>Despite this, earlier on Tuesday, China&#8217;s top economic planner, China&#8217;s National Development and Reform Commission, expressed confidence it could meet its development goals for 2024 without another stimulus package, despite a sluggish economy.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.dw.com\/en\/eu-to-launch-wto-challenge-against-chinas-brandy-squeeze\/a-70435505\">DW<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/eu-to-launch-wto-challenge-against-chinas-brandy-squeeze\/\">EU to launch WTO challenge against China&#8217;s brandy squeeze<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[758,555,274,16423],"class_list":["post-134407","post","type-post","status-publish","format-standard","hentry","category-news","tag-china","tag-csr-news-en","tag-eu","tag-wto-challenge"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/134407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=134407"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/134407\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=134407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=134407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=134407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}