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China, EU reach "amicable" agreement in solar panel dispute
Published in Saudi Press Agency on 27 - 07 - 2013

China and the European Union have settled their trade dispute over imports Chinese solar panels, after a
six-week tug of war, Brussels and Beijing confirmed Saturday, dpa reported.
The EU had accused Chinese solar panel makers of dumping products
on the European market. Government subsidies in China allowed them to
sell their products below production cost in the EU, it alleged.
The two sides reached an "amicable solution" and agreed to minimum
prices and import quotas for Chinese solar products, EU trade
commissioner Karel De Gucht said.
The Chinese government welcomed the deal. It "showcased pragmatic
and flexible attitudes from both sides," Ministry of Commerce
spokesman Shen Dayang was quoted as saying by the official Xinhua
news agency.
However, the association of European solar panel manufactures that
had filed the anti-dumping complaints that led to the dispute called
the compromise a "scandal".
Diplomatic sources said the agreement called for a minimum price
of 56 cents per watt of output. A cap was to also be placed on the
total output of Chinese imports of solar panels to the EU of 7
gigawatts per year.
The deal would cover exports from about 90 Chinese exporters,
representing 60 per cent of panels sold in the EU, the European
Commission said. The companies that comply with these conditions
would not be subject to punitive tariffs.
-- SPA
20:11 LOCAL TIME 17:11 GMT
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