China Initiates Anti-dumping and Countervailing Investigation to Australian Wine
Responded to the request by The China Alcoholic Drinks Association (CADA), the Chinese Ministry of Commerce (MOFCOM) has initiated an anti-dumping investigation to Australian wine exported to China. The investigation was started from August 18, 2020 for a period of 12 month, with option to extend 6 further months. On August 31, also announced by MOFCOM, the countervailing probe was included as part of the request of this investigation.
The target investigated period is set from January 1, 2019 to December 31, 2019. The assessment period to the damage to the Chinese wine industry would be counted from January 1, 2015 to December 31, 2019.
Earlier this year (May 19, 2020), China has imposed a consolidated tariff of 80.5% (73.6% anti-dumping tariff and 6.9% countervailing tax) on Australian barley exported to China after the anti-dumping and countervailing investigations.
Australian wine took off the crown from French wine in 2019 and became the largest wine supplying country to China.