China on Tuesday announced lower duties on pork imports and pig by-products from the European Union as it concluded a year-long anti-dumping investigation into European pork imports.
The new tariff rates — ranging from 4.9% to 19.8% on dozens of European pork exporters — will start taking effect on Wednesday and last five years, according to the Chinese commerce ministry.
Earlier in September, China had imposed temporary anti-dumping tariffs of up to 62.4% in the form of cash deposits on pork imports from the EU.
The trade tensions had flared after Brussels slapped tariffs of up to 45% in October last year on electric vehicles imported from China, drawing Beijing to denounce it as protectionist.
The EU is the world’s largest pork exporter, selling around 13% of its annual production overseas, with China being the single largest buyer, according to estimates by S&P Global.
