FRANCE/CHINA: Bordeaux producers voice fears over China's EU wine threat
Bordeaux producers get a healthy trade from China
China's anti-dumping and anti-subsidy probe of European wine could leave some Bordeaux producers facing "near-bankruptcy", it has been claimed.
It emerged today (5 June) that China has launched a trade investigation into European wine exports, in response to the EU imposing duties on imports of Chinese solar panels. As the biggest wine exporter to China, France and the Bordeaux region in particular, has the most to lose from China's retaliatory measures targeting the wine trade.
“China has become an essential maket for Bordeaux growers. More than 10% of Bordeaux's production heads for China, rising to over 12% if Hong Kong is included and represents 15% in terms of value,” said the former président of trade body, the Fédération des grands vins de Bordeaux, Xavier Carreau, who is also an exporter of wines to China.
Around a quarter of his firm's output heads for China.
He added: "Such is their dependence on exporting to this country now, that a good number of French and especially Bordeaux producers, face being in a state of near-bankruptcy if the Chinese market contracts.”
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