China, EU reach agreement in wine dispute

China and the European Union ended an anti-dumping and anti-subsidy investigation into EU wine exports ahead of Chinese President Xi Jinping's visit to Europe, the Ministry of Commerce said on Friday.

A ministry statement said China and the EU reached agreement on the wine probe on Tuesday through negotiation and consultation.

China launched the investigation last year to determine if European product was sold below fair value in China. The case was widely believed to be a counter measure to EU moves to impose punitive duties on solar panels from China. The solar dispute, which took the two economies to the edge of a trade war, was resolved through a price undertaking with Chinese Premier Li Keqiang's mediation during his visit to Europe in May.