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EU drops price-fixing controls on European sales of Chinese solar panels
Date:2018-09-05 Readers:
THE European Union will end restrictions on the sale of solar panels from China in a move
that EU producers said would lead to a flood of cheap imports, Reuters
reports.
The European Commission,
which decides EU trade policy, imposed anti-dumping measures for
Chinese solar panels in 2013 and extended them 18 months in March last
year. Chinese manufacturers have been allowed to sell solar products in Europe
at or above a progressively declining minimum price. If sold for less
than that price, they are subject to duties of up to 64.9 per cent. The commission said it was for EU, given the bloc's aim of increase
renewable energy. The price fixing measures allowed import prices to
align with higher prices set my rivals China's commerce ministry welcomed the end of restrictions, describing the move as a "model for
successfully resolving trade frictions through consultations".
SolarPower Europe,
which represents importers and installers, described the move as a
"watershed moment" for Europe's solar industry and that it removes the
biggest barrier to growth of the secto
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