China yesterday said it had launched an anti-dumping investigation into imports of pork products from the EU.
The probe is in response to an application submitted on behalf of domestic producers, Beijing said, and comes in the face of mounting trade tensions between China and the bloc.
“The Ministry of Commerce has opened an anti-dumping investigation into imports of relevant pork and pig by-products originating from the European Union,” the ministry said in a statement.
Photo: AFP
The announcement follows the bloc’s decision last week to slap additional tariffs of up to 38 percent on Chinese electric vehicle imports from next month after an anti-subsidy probe.
Beijing warned the tariffs would “harm Europe’s own interests” and condemned the bloc’s “protectionism,” while saying it “reserves the right” to file a suit with the WTO over the new EU tariffs.
Pork is China’s most popular meat and a diet staple in the world’s second-most populous nation.
Imports of pork and pork by-products from EU nations totaled more than US$3 billion last year, Chinese customs data showed.
China had ramped up threats that Beijing could target EU exports, including pork and dairy products, in the wake of the tariff announcement.
Spain is the EU’s largest exporter of pork and pork byproducts to China, data showed.
The ministry last week said that domestic industries “have the right” to request probes into imports to “protect their own legitimate rights and interests.”
Spanish Minister of Agriculture, Fisheries and Food Luis Planas yesterday said that he hoped there was room for understanding and negotiation to avoid tariffs being imposed.
Planas said he did not expect immediate measures after China said the investigation could last up to a year.
Additional reporting by Reuters
It was late morning and steam was rising from water tanks atop the colorful, but opaque-windowed, “soapland” sex parlors in a historic Tokyo red-light district. Walking through the narrow streets, camera in hand, was Beniko — a former sex worker who is trying to capture the spirit of the area once known as Yoshiwara through photography. “People often talk about this neighborhood having a ‘bad history,’” said Beniko, who goes by her nickname. “But the truth is that through the years people have lived here, made a life here, sometimes struggled to survive. I want to share that reality.” In its mid-17th to
‘MAKE OR BREAK’: Nvidia shares remain down more than 9 percent, but investors are hoping CEO Jensen Huang’s speech can stave off fears that the sales boom is peaking Shares in Nvidia Corp’s Taiwanese suppliers mostly closed higher yesterday on hopes that the US artificial intelligence (AI) chip designer would showcase next-generation technologies at its annual AI conference slated to open later in the day. The GPU Technology Conference (GTC) in California is to feature developers, engineers, researchers, inventors and information technology professionals, and would focus on AI, computer graphics, data science, machine learning and autonomous machines. The event comes at a make-or-break moment for the firm, as it heads into the next few quarters, with Nvidia CEO Jensen Huang’s (黃仁勳) keynote speech today seen as having the ability to
State-run CPC Corp, Taiwan (CPC, 台灣中油) yesterday signed a letter of intent with Alaska Gasline Development Corp (AGDC), expressing an interest to buy liquefied natural gas (LNG) and invest in the latter’s Alaska LNG project, the Ministry of Economic Affairs said in a statement. Under the agreement, CPC is to participate in the project’s upstream gas investment to secure stable energy resources for Taiwan, the ministry said. The Alaska LNG project is jointly promoted by AGDC and major developer Glenfarne Group LLC, as Alaska plans to export up to 20 million tonnes of LNG annually from 2031. It involves constructing an 1,290km
NEXT GENERATION: The company also showcased automated machines, including a nursing robot called Nurabot, which is to enter service at a Taichung hospital this year Hon Hai Precision Industry Co (鴻海精密) expects server revenue to exceed its iPhone revenue within two years, with the possibility of achieving this goal as early as this year, chairman Young Liu (劉揚偉) said on Tuesday at Nvidia Corp’s annual technology conference in San Jose, California. AI would be the primary focus this year for the company, also known as Foxconn Technology Group (富士康科技集團), as rapidly advancing AI applications are driving up demand for AI servers, Liu said. The production and shipment of Nvidia’s GB200 chips and the anticipated launch of GB300 chips in the second half of the year would propel