A PYMNTS Company

EU/China: Solar panel import agreement ends EU’s largest commercial feud

By  |  December 2, 2013

The European Union and China have reportedly reached an agreement that will slow the importation of Chinese solar panels in the EU following complaints Chinese firms were dumping their products at below-market costs.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The feud, which reports say is the EU’s largest commercial dispute of its kind, reached an end when officials set minimum solar panel import prices on Chinese products, as well as a volume cap. The regulations will last until 2015.

    The Chinese firms that abide by these rules will not have to pay taxes when importing their products.

    Domestic EU firms including Solarworld previously lodged complaints with the European Commission against Chinese rivals for anticompetitive dumping, claiming EU firms suffered “material injury” due to the practice.

    Despite the agreement, the two-year regulations on Chinese solar imports are shorter than the standard five-year anti-dumping protection rules for the EU.

    Full Content: Bloomberg

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.