The European Commission issued a written statement on the same day: "The European Commission today approved the friendly solution of the China-EU PV trade dispute announced by Trade Commissioner De Gucht last weekend. Since the date of the announcement, the European Commission has obtained the solution. Unanimous support from EU member states."
The statement said that the resolution adopted by the European Commission on the 2nd consists of two parts, one is to accept the "price commitment" plan submitted by Chinese solar battery exporters, and the second is to exempt the Chinese enterprises participating in the program from temporary anti-dumping duties. The above resolution will be implemented from August 6.
The Sino-European PV trade dispute is the largest trade friction case involving Sino-European trade history and is one of the important issues in China-EU trade and economic relations. The European Commission announced in early June that the EU will impose a 11.8% temporary anti-dumping duty on photovoltaic products produced in China from June 6. If the EU and China fail to reach a compromise plan by August 6, the anti-dumping tax rate will rise to 47.6%.
The European Commission announced on July 27 that after several weeks of intense negotiations, the EU and China have reached a "friendly solution" on the PV trade dispute. In this regard, the Chinese Ministry of Commerce and most Chinese PV companies are welcome.
EU Trade Commissioner De Gucht held a press conference on July 29, saying that a large number of Chinese PV companies agreed to set a minimum price for PV products exported to the EU. These companies’ exports to Europe accounted for China’s total exports of PV products to Europe. 70% of these companies do not have to pay punitive tariffs, and companies that do not participate in the agreement need to pay 47.6% anti-dumping duties to the EU.
According to De Gucht, the EU has also set a one-year limit for Chinese PV companies to export to Europe. For exports exceeding this limit, an anti-dumping duty of 47.6% will be imposed. The validity of this “price commitment†will last until End of 2015.
According to the relevant EU law, in order to prevent artificial manipulation of market prices, China and the EU will not announce the specific figures of the minimum price and the export year limit.
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