Learn more

(Reuters) – China has launched an anti-dumping investigation on brandy imported from the European Union, a step that appears to be mainly targeted at France. Below are some facts about China’s brandy imports and European companies exposed to the market. CHINA’S TASTE FOR BRANDY China imported $1.57 billion worth of spirits from distilled grape wine in 2023 through November. France accounts for 99.8% of all EU brandy exports, according to Chinese customs data. In 2022, brandy made up the largest portion of imported spirits in China at 37.5 million litres, according to a Daxue Consulting report….