MNI BRIEF: China Levies Countervailing Duties On EU Dairy

China will impose a countervailing duty on EU dairy products, a Ministry of Commerce spokesperson said on Thursday. 

Effective from Feb 13, countervailing duty will be imposed for five years, at rates between 7.4% and 11.7%, the spokesperson said. 

Chinese authorities have made a final determination that imported dairy products from the EU are subsidised, and that China's dairy industry has in consequence suffered "material injury,” the Ministry stated. (See MNI: China Advisors See Rising Trade Frictions With EU)