The Ministry of Commerce adopted temporary anti-dumping measures and Australian wine was hit hard before the peak season

Original caption: The Ministry of Commerce adopted temporary anti-dumping measures and Australian wine was hit hard before peak season

The anti-Australian wines were launched in August this yearDumpingThe investigation has preliminary results.

On November 27, the Ministry of Commerce of the People’s Republic of China (hereinafter the “Ministry of Commerce”) issued No. 59 of 2020ad, Announced the relevant wine originating from AustraliaAntidumpingThe preliminary ruling of the investigation determined that there was dumping of imported wines originating in Australia, and decided to takeTemporary anti-dumping measures, The highest rate applied to Australian wine is 212.1%Warrantygold.

The industry believes that the previous year was the main peak season for domestic wine sales, and Australian wine sales in China would suffer.

The notice showed that the investigating authority initially determined that there was dumping of imported wines originating in Australia, and that domestic winesindustryIt suffered material damage and there is a causal relationship between the spill and the material damage, therefore, since November 28, 2020, import operators are under investigation.productIt should be based on thethe companyfromMarginProportion, provide the corresponding deposit to the Customs of the People’s Republic of China.

On August 18 this year, the Ministry of Commerce issued an announcement stating that it had officially launched an anti-dumping investigation on imported wines originating in Australia. The anti-dumping investigation application filed by the China Wine Association shows that since 2015, the import of Australia’s application for research products has “increased in volume and decreased in price.”marketSpace has been severely reduced and production and operating conditions have deteriorated dramatically.

The Wine Branch of the China Wine Association said on the 27th that it supports and welcomes the Ministry of Commerce’s preliminary decision against the anti-dumping investigation of Australian wine.

The journalist noted that the biggest impact of this decision on Australian wine is the margin system.

In the adMargin ratioAs you can see from the list, the margin tax rate is not one size fits all. Among them, Australia’s largest wine merchant, Fuyi Group, has a margin rate of 169.3%; Chinese capital and local Chinese in Australia.Co-investmentSwan Brewing Co., Ltd.’s minimum margin rate is 107.1%; the margin rate of Gonong Winery previously acquired by Changyu (000869.SZ) is 160.6%, while the tax rate of other Australian companies is 212.1%.

According to the calculation formula, the deposit is paid with taxes as approved by customs.priceAd valorem, The deposit amount = (customs approvedTaxable value× Margin collection ratio) × (1 + import linkValue added tax rate), which means that for a bottle of wine with an import price of 100 yuan, a maximum deposit of (100 yuan × 212.1%) × (1 + 13%) = 239.673 yuan must be paid.

From an industry perspective, this change hascompanyFor example, Changyu’s Gonong Winery accounted for a small proportion of its sales revenue. Gonong Winery’s sales in the first half of the year were 18.929 million yuan.Net profitIt costs 890,000 yuan, but has a huge impact on Australian wine specialty companies.

Haiyun Winery CEO Zhang Haixiao told China Business News that if the Australian winery is unwilling to pay the actual money to pay, the domestic importer will have to pay for the metal. Refunds and when they will be refunded are unknown. The importers themselves are not well financed. It is estimated that no one will dare to try it easily.

China is also one of the important markets for Australian wine. According to the previous report published by the Australian Wine Authority for the 2019-2020 fiscal year ending June 30, 2020, although affected by the epidemic, Australian wineTo exportThe value was down just 1% to A $ 2.84 billion. The Chinese market is Australia’s largest wine import market, with imports increasing 0.7% to A $ 1.1 billion.

However, Tianjin wine importer Wang Sheng said that according to the characteristics of wine sales, it is currently the main season of New Year’s Day and the peak season of spring.SupplyIn the period, after the preliminary ruling, the importer will reduce the import of Australian wine to avoid risks and will instead import wine from France and other countries.

Shenzhen Zhide Wine MarketingGeneral ManagerWang Dehui said the impact of the preliminary ruling on Australian wine is obvious, including rising costs, increasing pressure and uncertain risks going forward. Therefore, all Australian wine companies must think about how to make strategic adjustments. At the same time, importers from other countries should also consider possible future risks. The entire imported wine industry may become more cautious.

(Source: China Business News)

(Editor in charge: DF142)