LONDON, July 5 (Reuters) - Leading European cognac
producers will attend a hearing on China's anti-dumping probe of
the industry in Beijing on July 18 - their first chance to
defend themselves in person since the investigation began
earlier this year, an industry source said.
Companies behind major brands Martell, which is owned by
Pernod Ricard, Remy Martin - part of Remy Cointreau
- and Hennessey, owned by LVMH, received a
summons overnight to attend the hearing, the source said, asking
not to be named because they were not authorised to speak on
behalf of the industry.
China announced plans on Friday for the hearing on European
brandy imports, ramping up tension on the same day the European
Commission's provisional tariffs on Chinese-made electric
vehicles take effect.
Beijing announced its anti-dumping probe on EU brandy in
January, saying European brandy producers were selling into
China at below-market rates.
France's cognac makers said that while they would cooperate
with the investigation, they suspected the probe was linked to a
broader trade row rather than the liquor market.
The companies producing Martell, Remy Martin and Hennessey
cognac were selected as sample firms for the investigation.
The industry had previously signalled its willingness to
participate in such a hearing, the source added, saying
representatives of the companies would attend to answer
questions.
They may also be able to make their case against tariffs,
the source said.