China and EU Agree on Solar Trade Deal
Renewable Energy World.COM
31 July 2013
LONDON — China’s Chamber of Commerce and Europe’s trade minister Karel De Gucht have announced that a solution has been reached in their spat over solar panel import pricing, averting what neither side wanted to become a trade war.
After clashing “will they, won’t they” rumours at the end of last week, the two sides said on Saturday that they have agreed on an import price, termed a price undertaking, of €0.56/W for Chinese solar panels. An import quota of 7 GW per year was also agreed by both sides. Anti-dumping duties of 47.6 percent,set to go into effect on August 6, will now be averted for Chinese exporters who participate in the voluntary agreement. Read more