Customs Duties. "It's on Track": Foreign Trade Minister Wants to Be Reassuring in Negotiations with China and the United States on Cognac

franceinfo.fr

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Ownership

Since the introduction of a surtax on spirits, Cognac's houses have been struggling. As many as 97% of sales are exported, of which a large majority are to China and the United States, two of the countries having introduced this tax in the midst of trade war. On a visit to Cognac, the Minister of Foreign Trade, Laurent Saint-Martin, has suggested an exit from the crisis through the negotiations.

Terre de Vins

Factuality

Ownership

In 2024, cognac exports to China fell by almost a quarter in value compared to the previous year, as a result of anti-dumping measures imposed by Beijing. However, with the resumption of negotiations, the horizon seems to be brightening for the profession. Last May, the French Minister of Economy, Eric Lombard, met with the Chinese Deputy Prime Minister without this leading to a relaxation of the anti-dumping measures. This time, the situation s…