China will impose countervailing measures on certain dairy products imported from the European Union (EU) for a period of five years starting on Friday, the Ministry of Commerce said on Thursday.
According to the final ruling announced by the ministry, company-specific duty rates range from 7.4 percent to 11.7 percent.
At the request of China's domestic industry, the ministry launched a countervailing investigation on Aug 21, 2024.
This investigation was carried out in accordance with Chinese laws and regulations, as well as relevant World Trade Organization rules, following principles of fairness, impartiality, openness and transparency, a ministry spokesperson said, adding that the ministry widely solicited views from interested parties and fully safeguarded their rights.
The ruling report shows that certain dairy products imported from the EU are subsidized, that these subsidized imports have caused material injury to China's related domestic industry, and that a causal link has been established between the subsidies and this material injury, the spokesperson noted.
China to impose countervailing measures on certain EU dairy imports
China to impose countervailing measures on certain EU dairy imports
China to impose countervailing measures on certain EU dairy imports
Chinese Premier Li Qiang on Thursday presided over a State Council executive meeting that studied work on building a unified national market and reviewed and approved a plan for the development of a modern emergency response system during the 15th Five-Year Plan period (2026-2030).
Noting that building a unified national market is essential to advancing high-quality development, the meeting called for deepening institutional frameworks in areas such as property rights protection, market access, fair competition, social credit and market exit mechanisms.
The meeting also urged efforts to advance high-standard connectivity of market infrastructure to facilitate smooth economic circulation and effectively reduce logistics costs across society.
Emergency management is critical to protecting people's lives and property, the meeting said. It called for accelerating the development of a modern emergency response system, deepening reform and innovation in emergency management, and improving coordinated response mechanisms.
Efforts should be made to strengthen risk prevention at the source, enhance monitoring, forecasting and early warning, and accelerate a shift in governance toward proactive prevention, according to the meeting.
A draft revision of the Law on the People's Bank of China was also discussed and approved in principle at the meeting, which decided to submit the draft to the Standing Committee of the National People's Congress for deliberation.
Chinese premier chairs State Council executive meeting
