China's Ministry of Commerce issued a notice on Monday to formally terminate anti-dumping and anti-subsidy investigations into EU wine exports to China after the EU and Chinese wine industries reached a Memorandum of Understanding on March 18, said a statement on the website of the ministry.

EU Agriculture Commissioner Dacian Ciolos said in a Friday press release, "I welcome the amicable solution that has been found by the two industries. My expectation is that the question mark hanging over EU wine exports as a result of the Chinese investigation is now clearly resolved and this is very good news.

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"We have been strengthening collaboration and cooperation with China in the agricultural sector over the past four years and I am committed to taking this further, because the scope to bring benefits to farmers and consumers in China and Europe is very clear. I now look forward to working with my counterparts in the Chinese Government to build on this outcome."

EU Trade Commissioner Karel De Gucht said: "I applaud the fact that the Chinese wine industry will withdraw its application for anti-dumping and anti-subsidy measures. I expect that the case will now be formally terminated so that the EU wine industry can continue to export its quality products to China in a fair and competitive environment. After the recent agreement reached in the polysilicon case, this is yet another positive development which will further strengthen the EU-China bilateral relationship."

On July1st, 2013, the ministry initiated an anti-dumping and anti-subsidy investigation into EU wine exports to China.

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