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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

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