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EU puts an end to the anti-subsidy actions for Chinese solar

Price on Chinese solar products stay the same

No new anti-subsidy action on Chinese solar products

As foreseen, the EU reported that the summer trade deal is going to be the universal solution for its subsidy and dumping investigations. This comes as disappointment to the European producers.

The European Union announced that they will not change the prices agreed in the summer with the manufacturers of Chinese solar wafers, cells and modules will not change. So the minimum price and the export volume cap discussed with the manufacturers will put an end effectively to the anti-dumping and anti-subsidy investigations.

The official EU announcement on Monday was not declared so but the effectively uses the agreement thrashed out by trade commissioner Karel De Gucht and his Chinese Ministry of Commerce counterpart in July as a blanket solution to the twin-track trade war.

EU also announced the provisional anti-dumping duties of almost 50% applied to all solar products from China since August will be extended for two years for two years from Friday as a final measure.

But still, the hefty duty that enlarges the provisional decision for not imposing duties for the anti-subsidy part of the objection of the EU solar manufacturers is not valid for the producers from China as part of the EU-brokered minimum price commitment and volume cap.

The anti-subsidy investigation has come to the conclusion that the that subsidies were implemented by the Chinese government in contravention of World Trade Organization rules, yet has decided to give no extra punishment above the De Gucht trade deal.

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Posted by on Dec 4 2013. Filed under Asia, Energy Market, Europe, Market News, Solar PhotoVoltaics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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