24 Jun '13, 3pm

China Moves Production Overseas to Avoid EU Solar Duties

China and the European Union share the will to solve the solar trade spat in talks, Chinese Commerce Minister Gao Hucheng said June 21 in Beijing at a joint press conference with EU Trade Commissioner Karel De Gucht. “Technical-level discussions,” began in Brussels at the start of last week and are continuing in Beijing, De Gucht told reporters. “But it is early days in the negotiation process. This kind of thing is rarely solved overnight.” The trade spat adds to China’s struggles to increase output. Manufacturing is shrinking at a faster pace this month, a trend that threatens to stem an economic recovery in the euro area from the currency bloc’s longest-ever recession. Chinese solar manufacturers have begun setting up overseas to avoid duties in the EU and the U.S., as well as to satisfy rules in countries like India that demand local content in products, said Zhuang of...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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