China’s Ministry of Commerce announced this Monday the launch of an “anti-dumping” investigation into certain imports of pork and pork products from the European Union.
It is an early response to tariffs imposed by Brussels on Chinese electric vehicles and which could particularly affect Spain, the European bloc’s biggest pork exporter to the People’s Republic of China.
Some analysts consulted by EFE have already indicated that Beijing intends to focus retaliation against the tariffs on countries that defend the measure.
According to the Comercio portal cited by EFE, a petition to investigate the import of pork from Europe to the People’s Republic of China was submitted on June 6 by the Chinese Livestock Association.
The trial will focus on goods imported in 2023 and the damage those purchases caused between 2020 and 2023.
Likewise, it will analyze products such as pork, as well as pork fat and its derivatives, the People’s Republic of China said in a statement, adding that the investigation will begin this Monday and is expected to last a year, with the possibility of an extension for another six months. months “under special circumstances.”
“Dumping” corresponds to the most common unfair practice in international trade relations, which consists of exporting a certain product to third countries at a price lower than that practiced in the domestic market, and often lower than the cost of the product itself. in order to gain market share in the destination country.
Author: Lusa
Source: CM Jornal
I am Michael Melvin, an experienced news writer with a passion for uncovering stories and bringing them to the public. I have been working in the news industry for over five years now, and my work has been published on multiple websites. As an author at 24 News Reporters, I cover world section of current events stories that are both informative and captivating to read.