29 Jul '13, 11am

China and EU Agree on Solar Trade Deal

LONDON -- China’s Chamber of Commerce and Europe’s trade minister Karel De Gucht have announced that a solution has been reached in their spat over solar panel import pricing, averting what neither side wanted to become a trade war. After clashing “will they, won’t they” rumours at the end of last week, the two sides said on Saturday that they have agreed on an import price, termed a price undertaking, of €0.56/W for Chinese solar panels. An import quota of 7 GW per year was also agreed by both sides. Anti-dumping duties of 47.6 percent, set to go into effect on August 6, will now be averted for Chinese exporters who participate in the voluntary agreement. China subsequently announced that it will halt what some have termed a retaliatory probe into pricing for imported European wines. “We found an amicable solution in the EU-China solar panels case that will lead to a new ...

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

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China and EU Agree on Solar Trade Deal

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