Sunday 12 May 2013

China decries high duty on solar panels by EU





The European Commission agreed to impose punitive import duties on solar panels from China in a move to guard against what it sees as dumping of cheap goods in Europe, prompting a cautious response from Beijing which called for further dialogue.
China's ambassador to the World Trade Organization, Yi Xiaozhun, called the decision a mistake although he declined to comment on any possible retaliation. "It will send the wrong message to the world that protectionism is coming," Yi told Reuters in Geneva on 8 May.

China's Commerce Ministry on 9 May called for dialogue. "We don't want to see a trade war between the two sides and we hope the EU can cautiously make the ruling decision on China's solar panel products," spokesman Yao Jian told reporters.
Given that Germany and France are seeking to increase exports to China, De Gucht will try for a negotiated solution with new Chinese Commerce Minister Gao Hucheng before an EU deadline in December to cement the levies for up to five years.
That could mean agreeing a minimum price at which all solar panels makers selling in Europe adhere to, diplomats said.
The EU duties, which will come into effect once the commission publishes the decision in its Official Journal, will be set at an average of 47%, officials said. Trade specialists from all 27 EU countries will be consulted on 15 May at a meeting in Brussels and are expected to back the decision, although their position is non-binding.
Chinese solar panel production quadrupled between 2009 and 2011 to more than the entire global demand. EU producers say Chinese companies have captured more than 80% of the European market from almost zero a few years ago, exporting €21 billion to the European Union in 2011.
As a result, Chinese-made panels are as much as 45% cheaper than those made in Europe, industry executives say. Europe accounted for half of the global market in 2012, which was worth $77 billion (€59 billion), according to research firm IHS.
More at Euractiv

No comments:

Post a Comment