In the news: Wine import tax and why the coast is still best

June 14, 2013 | BY

clpstaff &clp articles

The Ministry of Commerce has retaliated against EU solar tariffs with an investigation into European wine imports and a closer look at why foreign investors are still considering the coast for manufacturing despite soaring costs

China retaliates with wine tax after EU solar tariffs announced

The Ministry of Commerce (MOFCOM) announced it has launched an investigation into European Union (EU) wine imports. The move comes a day after the European Commission decided to levy tariffs on China's solar panel products. France, Italy, Portugal and Lithuania voted for the anti-dumping taxes of 11.8% until August and then 47.6% for four months.

The investigation may lead to large tariffs being placed on European wines. The European Union's trade commissioner Karel De Gucht, who owns a 50% stake in a wine-producing estate in Italy, made the announcement on Tuesday in Brussels. 27 EU countries exported $980.7 million worth of wine to China in 2012, with France making up a large percentage of those exports.

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