TribLIVE

| USWorld


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

EU, Chinese exporters settle solar panel feud

AP
Workers assemble solar panels at a factory in Hefei, in central China's Anhui province.

Daily Photo Galleries

By The Associated Press
Saturday, July 27, 2013, 6:06 p.m.
 

BEIJING — The European Union and Chinese solar panel exporters said on Saturday that they had reached a settlement in their long trade dispute, with the exporters agreeing to sell their products at a minimum price in the EU market.

The agreement ends one of the biggest-ever trade disputes between China and Europe — a row that threatened to escalate into a full-blown trade war involving European wines and to disrupt EU-China relations.

The settlement was reached after negotiations that began in June, when the EU announced that duties averaging 47 percent on Chinese-made solar panels, cells and wafers would go into effect in August. The EU said then that China was selling its products in the EU market at below-cost prices and harming the European solar panel industry.

In announcing the settlement, EU Trade Commissioner Karel De Gucht said he was satisfied with the offer by the Chinese solar panel exporters and that the agreement would stabilize the European solar panel market.

“We have found an amicable solution that will result in a new equilibrium on the European solar panel market at a sustainable price level,” he said.

The China Chamber of Commerce for Import and Export of Machinery and Electronic Products said in a statement that the price promise represents the majority will of Chinese companies and that it would allow Chinese manufacturers to continue to export their products to Europe and retain fair market shares. The chamber described the negotiations as “arduous” and “meticulous.”

“China's solar panels industry is always committed to maintaining a fair international trade environment,” the statement said. “It opposes trade protectionism and supports resolving disputes through negotiations.”

Chinese Ministry of Commerce spokesman Shen Danyang said China welcomed the settlement. The EU is the largest export market for Chinese solar panel products, according to Shen.

 

 
 


Show commenting policy

Most-Read World

  1. Gaza’s only power plant taken out; utility official says attack ‘catastrophic’ for 1.8 million
  2. ‘Clear-cut’ path made  to jetliner
  3. Reports include ‘aliens’ as origin of Russian holes
  4. Real-life ‘Ratatouille’ invade garden of Louvre
  5. Ebola claims hero doctor in Sierra Leone
  6. Karzai’s kin killed in suicide bombing
  7. Israeli leader signals no quick end to Gaza conflict
  8. PLO offers truce as at least 100 killed in Gaza
  9. Shelling adds to mounting civilian toll in Ukraine
  10. Syrian casualties surge amid rise in attacks by Islamic State
  11. Islamists gain foothold in few British schools
Subscribe today! Click here for our subscription offers.