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BRIEF-Treasury Wine Estates Notes China's Determination On Anti-Dumping & Countervailing Duty

Published 29/03/2021, 11:44 am
© Reuters.
TWE
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March 29 (Reuters) - Treasury Wine Estates Ltd TWE.AX :

* ACKNOWLEDGES RELEASE BY CHINA'S MINISTRY OF COMMERCE OF FINAL DETERMINATION IN ANTI-DUMPING AND COUNTERVAILING INVESTIGATIONS

* FINAL DETERMINATION DOES NOT RESULT IN ANY CHANGE TO CO'S RESPONSE PLANS

* FINAL DETERMINATION WILL APPLY FROM MARCH 28TH, 2021 AND WILL REMAIN IN PLACE FOR AT LEAST FIVE YEARS

* ANTI-DUMPING & COUNTERVAILING DUTY OF 175.6% TO BE APPLIED TO CO'S AU ORIGIN WINE IN CONTAINERS OF 2 LITRES/LESS IMPORTED INTO CHINA

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