The European Commission announced yesterday that it will impose provisional antidumping duties on wafers, solar cells and modules imported from China. The duties will be valid for a period of six months and will come into force starting on June 6 with no retroactive effect. The Commission decided to introduce the duties according to a »phased approach« starting with an 11.8% tariff for the first 2 months. Following that, the tariff will be raised to 47.6% for the remaining 4 months. The Commission stated that the provisional antidumping duties will counteract unfair trade practices that have harmed the European solar industry. The Commission stressed that the level of the tariffs is significantly lower than the 88% rate at which Chinese manufacturers have been dumping their products on the EU market. Despite the fact that the Commission found that Chinese manufacturers have dumped their products on the market, it also reiterated its commitment to finding an amicable solution to the solar trade dispute through continued negotiations with Chinese companies and the Chinese Chamber of Commerce. To this effect, the Commission said that »provisional duties can be suspended if a negotiated solution is achieved.« The EU will issue a final decision on the antidumping duties on Dec. 5, 2013.
Further news on the subject:
- EU Imposes Duties on Chinese Solar Panels, But Keeps Door Ajar for Talks at Renewable Energy World.
- Shares of solar power companies fell Wednesday after the European Union said it plans to slap tariffs on solar products made in China, says BusinessWeek.
- Tit-for-tat tariff war: European wines, Chinese solar panels, on CNN.
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