Don't miss

Replay


LATEST SHOWS

THE WORLD THIS WEEK

Obama in Hiroshima and Austria's close call (part 1)

Read more

THE WORLD THIS WEEK

French labour strikes, raids on Google and McDonald's (part 2)

Read more

REPORTERS

Ukraine: Searching for missing people in Donbass

Read more

REVISITED

Video: What remains of the Gezi movement in Turkey?

Read more

FRANCE IN FOCUS

Euro 2016: France readies for kick off

Read more

ENCORE!

Anne A-R : The people beyond the numbers: A photographic manifesto from the migrant trail

Read more

ENCORE!

Video: Ken Loach wins his second Palme d'Or in Cannes

Read more

YOU ARE HERE

France’s green-fingered architects

Read more

FOCUS

President Mauricio Macri’s clean break with Argentina’s ‘Kirchnerite’ past

Read more

Business

EU reaches deal with China over solar-panel dispute

© AFP

Text by News Wires

Latest update : 2013-07-27

The European Commission announced on Saturday that it had reached a deal with Beijing to resolve a trade dispute over Chinese manufactured solar panels after agreeing to pay a minimum price for imports from China.

The European Commission said on Saturday it had agreed a deal with Beijing to resolve a dispute over alleged Chinese dumping of solar panels in Europe, agreeing a minimum price for China’s imports.

The deal to resolve the biggest trade dispute between China and the European Union will avoid punitive tariffs from August on Chinese solar imports into Europe that were worth 21 billion euros ($27 billion) last year.

“We found an amicable solution,” EU Trade Commissioner Karel De Gucht said in a statement.

“I am satisfied with the offer of a price undertaking submitted by China’s solar panel exporters,” he said, referring to an agreement for a minimum price for China’s imports.

Chinese solar panel production quadrupled between 2009 and 2011 to more than the entire global demand, and the Commission accused China of dumping its solar panels at below the cost of production in Europe.

The Commission, the EU executive, imposed low tariffs in June, which were due to jump to punitive levels on Aug. 6, but six weeks of talks appear to have resolved the row.

(REUTERS)

Date created : 2013-07-27

  • EU-CHINA

    Angered by EU solar duties, China probes wine imports

    Read more

  • TRADE

    EU slaps tariffs on ‘dumped’ Chinese solar panels

    Read more

COMMENT(S)