China imposes a tax on cognac but limits its scope
Beijing announced an average customs duty of 32.2% on imports of wine-based spirits from the European Union. Companies that comply with minimum prices negotiated with China − such as LVMH, Pernod Ricard and Rémy Cointreau − will be exempt.
Beijing announced an average customs duty of 32.2% on imports of wine-based spirits from the European Union. Companies that comply with minimum prices negotiated with China − such as LVMH, Pernod Ricard and Rémy Cointreau − will be exempt.
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