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French Cognac Makers Tempt China with Minimum Import Prices
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World News
Business LiveFrench cognac makers tempt China with minimum import prices
Paris/London — Negotiators representing French cognac producers suggested minimum prices for exports to China of $20-$300 per litre as an opening bid in talks aimed at ending a tariff stand-off with China, a document seen by Reuters shows. The minimum prices are part of efforts to avoid permanent tariffs of up to 39% amid tense negotiations with China’s commerce ministry, which has opened an anti-dumping investigation focused on the sector. They…
Rémy Cointreau’s results for the year 2024/2025 met expectations. The spirit drink company withdrew its medium-term forecasts, but in turn expressed optimism regarding the standardization of inventories, the improvement in the trends of exhaustion and the increase of the market share. In this context, the cognac will recover in the medium term and this leads to Rémy Cointreau recovering its lost revenues. For the company, which have 90% of the p…
French cognac producers have proposed minimum import prices to China as part of talks to end a trade dispute that began after Beijing launched an anti-dumping investigation into French cognac imports. The proposal comes amid fears that provisional tariffs already imposed could become permanent, with tariffs of up to 39 percent, Reuters reported. A specialist law firm is negotiating on behalf of the French industry, and the minimum price offer ha…
French cognac makers offer China minimum import prices to fend off tariffs
[PARIS/LONDON] Negotiators representing French cognac producers suggested minimum prices for exports to China of between US$20 and around US$300 per litre as an opening bid in talks aimed at ending a tariff stand-off with China, a document seen by Reuters shows.
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