China has opened an anti-dumping investigation into imported pork and its by-products from the European Union. Poultry and beef could be next. in its fight over electric vehicle imports: Pork. Poultry and beef could be next - especially chicken feet and other bits that Europeans do not tend to eat, but depend on selling.
The target chosen was an antidumping investigation into EU pork imports worth €2.5 billion a year, including offcuts that feature in Chinese cuisine. Farmers, a particularly vocal and influential pressure group with form onSome animals are only profitable because the farmer can sell the “fifth quarter” - such as the head, tail and internal organs - to the Chinese.
The trade surplus in food and drink was around €6 billion in 2023, a sixfold increase in a decade. In that time European farmers have increased their flocks to serve this burgeoning market as domestic subsidies are cut back. Guillaume Derrien, economist at BNP Paribas, points out that the days of Europe just buying cheap Chinese toys are long gone. “They now import more phones and motor vehicles: These two segments accounted for 17 per cent of EU imports from China in 2023,” he wrote in a recent note.
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »