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China questions, begins probe of European Union subsidies for dairy industry exports 

China questions, begins probe of European Union subsidies for dairy industry exports 


This article was originally published on VOA News - Economy. You can read the original article HERE

China is opening an investigation into subsidies of dairy products imported from the European Union.

The commerce ministry announced Wednesday that it will investigate subsidy plans created by the 27-member bloc as well as individual member states such as Austria, Belgium, Croatia, Czech Republic, Finland, Italy, Ireland and Romania.

The probe will focus on the EU’s support of various types of cheeses and some milk and cream for export to China.

The ministry says it launched the probe based on a complaint from the Dairy Association of China submitted on July 29.

The subsidy probe of EU-imported dairy products was announced a day after the EU said it was imposing major import duties on Chinese-made electric vehicles, on top of the current fees of 10 percent, after a probe found Chinese subsidies for domestic EV makers were unfairly undermining European rivals.

Some information for this report came from The Associated Press, Reuters, Agence France-Presse.

This article was originally published by VOA News - Economy. We only curate news from sources that align with the core values of our intended conservative audience. If you like the news you read here we encourage you to utilize the original sources for even more great news and opinions you can trust!

Read Original Article HERE



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