Probe filed into imports of EU wine
By Ding Yining |
August 21, 2012, Tuesday
|
Print Edition
Print Edition
THE China Alcoholic Drinks Association has filed an application to the Ministry of Commerce to launch anti-dumping and anti-subsidy investigations against imported wines from the European Union.
Wang Zuming, director of the wine division at the association, said yesterday that winemakers want the ministry to look into the increasing amount of EU imports and its impact on the domestic industry, according to a statement on its website.
The volume of wine imported from the EU surged from 35,944 kiloliters in 2008 to 169,114 kiloliters in 2011, the association said, adding that their market share rose from 4.94 percent to 14.76 percent.
Wang claimed the EU has been providing various subsidies for wines exported to China, which have impacted the business operations of domestic wine firms and distributors negatively.
In the first six months, domestic wine output rose 17.5 percent annually to 6.1 billion liters, according to data from the National Bureau of Statistics.
China may become the world's fifth-largest wine consumer by 2015, up one notch from its current spot, VINEXPO Asia-Pacific said earlier this year.
Under China's 12th Five-Year (2011-2015) Plan, the yield of domestic vineyards will almost double to around 2.2 billion liters from that of 2010, with 60 billion yuan (U$S9.5 billion) of sales revenue by 2015.
Wang Zuming, director of the wine division at the association, said yesterday that winemakers want the ministry to look into the increasing amount of EU imports and its impact on the domestic industry, according to a statement on its website.
The volume of wine imported from the EU surged from 35,944 kiloliters in 2008 to 169,114 kiloliters in 2011, the association said, adding that their market share rose from 4.94 percent to 14.76 percent.
Wang claimed the EU has been providing various subsidies for wines exported to China, which have impacted the business operations of domestic wine firms and distributors negatively.
In the first six months, domestic wine output rose 17.5 percent annually to 6.1 billion liters, according to data from the National Bureau of Statistics.
China may become the world's fifth-largest wine consumer by 2015, up one notch from its current spot, VINEXPO Asia-Pacific said earlier this year.
Under China's 12th Five-Year (2011-2015) Plan, the yield of domestic vineyards will almost double to around 2.2 billion liters from that of 2010, with 60 billion yuan (U$S9.5 billion) of sales revenue by 2015.
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