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China, EU to meet to resolve trade dispute
June 18, 2013, 10:29 am


The EU have imposed an interim anti-dumping duty of 11.8 per cent on imports of all Chinese solar panel products [Xinhua]

China and the European Union (EU) will hold a meeting later this week to discuss the dispute over solar panels, a Chinese commerce ministry spokesman said Tuesday.

The current photovoltaic (PV) trade dispute between the two sides is among the issues to be addressed during the dialogues, which are set to take place on Friday, said Shen Danyang, a ministry of commerce spokesman.

“At this conference, the two sides will seriously review what happened over the past year in bilateral trade relations and study how to resolve (the) problems, including the dispute over photovoltaic (solar panel) trade,” he told reporters.

Total trade between the two sides fell 3.7 per cent year-on-year last year.

Earlier this month, the EU imposed an interim anti-dumping duty of 11.8 per cent on imports of all Chinese solar panel products, including panels, cells and wafers.

If both sides fail to come to an agreement, the duty will be raised to an average of 47.6 per cent two months after it went into effect.

Since the EU’s preliminary ruling, the Chinese government and PV enterprises have kept close contact with the European Commission on “price undertaking” talks, which are currently progressing in a positive manner, the spokesman said.

According to EU calculations, a fair sale price for Chinese solar panels should be 88 per cent higher than what they are currently being sold for.

Economic research institute Prognos has said that a tariff of 20 per cent would cost the European economy up to 175,500 jobs and 18.4 billion euros of added value over the next three years.

China has also launched an anti-dumping probe on European wine imports following the EU punitive measures.

German economic minister Philipp Rösler has called the EU’s decision to impose punitive fines on China’s solar products as “a serious mistake”.

Source: Agencies

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