XM does not provide services to residents of the United States of America.

Reactions to China's anti-subsidy probe on EU dairy imports



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>QUOTES-Reactions to China's anti-subsidy probe on EU dairy imports</title></head><body>

Adds reaction from FrieslandCampina

BEIJING, Aug 22 (Reuters) -China launched an anti-subsidy investigation into dairy imports from the European Union a day after the bloc's revised tariff plan for China-made electric vehicles.

Wednesday's inquiry targeting cheese, milk and cream meant for human consumption came after the EU amended proposed punitive duties on Chinese EV imports to 36.3% from an initial 37.6%. Beijing had urged Brussels to abandon the tariffs.


EUROPEAN UNION CHAMBER OF COMMERCE IN CHINA:

"Regrettably, the use of trade defence instruments by one government is increasingly being responded to seemingly in kind by the recipient government.

"Therefore, in view of the European Commission disclosing the definitive findings of its probe into EVs from China, China's decision to launch an anti-subsidy probe should not be considered a surprise.

"The chamber will be monitoring the investigation and hopes it will be conducted fairly and transparently. We expect our affected member companies to co-operate to the fullest with the investigation."


FRIESLANDCAMPINA

Dutch dairy cooperative FrieslandCampina said it was aware of the announcement of the anti-subsidy investigation by China's Ministry of Commerce.

"Naturally, we will provide the necessary information related to the investigation, if requested, in accordance with laws and regulations," a spokesperson said.

The company's specialised nutrition business sells infant nutrition products in China. In addition, FrieslandCampina has a small business selling condensed milk products and creamers for the business-to-business market.




Reporting by Liz Lee and Joe Cash; Editing by Clarence Fernandez and David Holmes

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.