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While the Marcos administration has been exerting efforts to attract more green power developments to the market, the sector may be dealing with some hitches as the projects are now “being processed for termination” due to the companies’ failure to meet committed timelines, the agency noted Sunday.
Beijing, China — China on Wednesday said it would extend its anti-dumping probe into brandy imported from the European Union due to the case’s “complexity”, prolonging a trade standoff between Beijing and Brussels.
China in January launched an investigation into certain EU brandy imports after the bloc undertook a probe into Chinese EV subsidies.
Article continues after this advertisementBeijing initially said the brandy probe would likely conclude in January, but the commerce ministry now says it will last until April 5.
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The ministry gave few details but said it was prolonging the “investigation period” given “the complexity of this case”.
Article continues after this advertisementChina in November said it would impose “temporary anti-dumping measures” on brandy imported from the EU after announcing provisional tariffs the month before, saying there were threats of “substantial damage” to the domestic industry.
Article continues after this advertisementThe EU has formally challenged the measures at the World Trade Organization.
Beijing’s move appeared to be a tit-for-tat measure against Brussels after the EU imposed hefty additional import tariffs on Chinese-made electric vehicles.
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