The Chinese Ministry of Commerce announced this Monday an anti-dumping investigation into certain imports of pork and pork-based products from the European Union.
This is an early response to the tariffs imposed by Brussels on Chinese electric vehicles and that could especially affect Spain, the largest exporter of pork in the European bloc to the People’s Republic of China.
Some analysts consulted by the EFE agency had already indicated that Beijing intended to concentrate retaliation against tariffs in countries that defend the measure.
The European Union taxes Chinese cars. BYD pays 17%, Geely 20% and SAIC 38%
According to the Commerce portal, cited by EFE, the request to investigate imports of European pork to the People’s Republic of China was presented on June 6 by the Chinese Livestock Association.
The process will focus on products imported in 2023 and the damage that these purchases caused between 2020 and 2023.
Likewise, it will analyze products such as pork, as well as pork fat and its derivatives, says the statement from the People’s Republic of China, specifying that the investigation will begin this Monday and should last for one year, with the option of extending it for another six. . months “in special circumstances.”
‘Dumping’ corresponds to the most common unfair practice in international trade relations, consisting of Export a certain product to third countries at a lower price. to that practiced in the domestic market and, many times, lower than the cost price of the product itself, with the aim of gaining market share in the destination country.
Source: Observadora
