news

The EU has reaped the fruits of its own actions. China has retaliated by imposing tariffs on China, and Russia has taken over the pork market share in China.

2024-08-26

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

The EU never expected that after wielding the tariff stick against China, it would not only fail to make China surrender, but also help Russia become the big winner in the China-EU market game. On June 17 this year, China's Ministry of Commerce announced that it would initiate an anti-dumping investigation on imported pork and pork by-products originating from the EU. As the largest source of pork and pork by-products for China, the EU pork industry has suffered a shock. Just as EU countries are planning their response strategies,Little did people know that Russian companies have quietly taken over the EU's pork market in China.

First of all, this anti-dumping investigation is China's countermeasure against the EU's temporary tariffs on Chinese electric vehicles. China has done so legally, compliantly, and reasonably. Up to now, the EU has not regretted it, which has given Russia, whose relations with Europe have reached a freezing point due to Western sanctions, a business opportunity. In 2023, Russia has just lifted the ban on pork exports to China. For China's huge pork consumption market, Russian pork producers are naturally imperative. Kovalev, head of the Russian National Pig Farming Enterprises Union, admitted in an interview with the media that Russia plans to fully occupy 10% of China's pork import market in the next 3-4 years.