Beijing: The Chinese government has announced a reduction in anti-dumping duties on pork imports and pig by-products from the European Union, concluding a year-long investigation into the matter. The decision was revealed on Tuesday, signaling an end to the inquiry that examined whether European pork products were being dumped in China and the extent of injury caused to the domestic industry.

According to Anadolu Agency, the Chinese Commerce Ministry stated that the investigation assessed the dumping margin, the injury to the domestic pork industry, and the causal link between dumping and the injury. The revised tariff rates, ranging from 4.9% to 19.8% on various European pork producers, are set to take effect on Wednesday and will remain in place for five years.

Earlier, European pork imports faced temporary anti-dumping duties of up to 62.4%, imposed as cash deposits in September. This move was part of a broader trade conflict that intensified after the European Union imposed tariffs of up to 45% on electric vehicles imported from China in October of the previous year, a measure that Beijing criticized as discriminatory.

According to estimates from S and P Global, the European Union stands as the world's largest pork exporter, with approximately 13% of its annual production sold internationally. China continues to be the leading consumer of EU pork exports.