THE European Union will end restrictions on the sale of solar panels from China in a move that EU producers said would lead to a flood of cheap imports, Reuters reports
THE European Union will end restrictions on the sale of solar panels from China in a move that EU producers said would lead to a flood of cheap imports, Reuters reports. The European Commission, which decides EU trade policy, imposed anti-dumping measures for Chinese solar panels in 2013 and extended them 18 months in March last year.
Chinese manufacturers have been allowed to sell solar products in Europe at or above a progressively declining minimum price. If sold for less than that price, they are subject to duties of up to 64.9 per cent.
The commission said it was for EU, given the bloc's aim of increase renewable energy. The price fixing measures allowed import prices to align with higher prices set my rivals
China's commerce ministry welcomed the end of restrictions, describing the move as a 'model for successfully resolving trade frictions through consultations'.
SolarPower Europe, which represents importers and installers, described the move as a 'watershed moment' for Europe's solar industry and that it removes the biggest barrier to growth of the sector.
