Wine trade bodies in China and Europe have reached an amicable agreement over differences linked to anti-dumping and anti-subsidy investigations triggered by Beijing last year.

The China Alcoholic Drinks Association (CADA) is to withdraw its complaint against EU wines as part of a business-to-business understanding between the two wine industries focused on technical cooperation, the Comité Européen des Entreprises Vins (CEEV) said late last week. The two organisations squared up to each other back in 2012, when the CADA petitioned the country’s Ministry of Commerce, after arguing that EU exporters had been behaving anti-competitively.

"Our exporters will be able to pursue their operations in a market that is strategic for European wines, in fair competition with domestic wines and wines imported from third countries," said CEEV president Jean Marie-Barillère.

"Our business-to-business dialogue with the Chinese industry will contribute to turning a trade conflict into a strategic partnership between the EU and the Chinese industries."