PRESS INFORMATION
11.18.24
Local impact of chinese taxes: a negotiated solution more urgent than ever
For several months, we have been warning about the very negative effects that the Chinese anti-dumping investigation targeting Cognac will have on our industry and our region if it is not suspended.
This concern, once again expressed through public demonstrations, is shared by all stakeholders in the Cognac sector, including winegrowers and trading houses. The entire industry, in all its components, is trying to alert public authorities to the looming disaster.
Since October 11, taxes have been applied in the form of guarantees: another significant step has been taken, and our operations are being affected. If no action is taken, the situation will continue to deteriorate.
Once again, we call on public authorities to urgently find a solution to this political issue, the painful consequences of which we are now fully experiencing.
France’s priority must be to seek a negotiated solution to remove Cognac from this procedure.
The BNIC does not intend to comment on individual company strategies or social movements that may be related. However, it should be noted that, while awaiting a negotiated solution and in light of the observed deterioration, certain Houses may be forced to explore all possible options to maintain the appellation’s presence in the Chinese market in an effort to mitigate the negative impacts on the entire sector and the region.
