The European commission has decided to impose provisional anti-dumping tariffs on Chinese solar panels, after an investigation suggested an influx might put the European market at risk.
The announcement comes after a majority of EU member states, including the UK, had voted against the punitive measure to avoid the start of a ‘trade war’.
The European commission said in a statement, “As the market for and imports of solar panels in the EU is very large, it is important for this duty not to disrupt it. Therefore, a phased approach will be followed with the duty set at 11.8% until August 6, 2013.”
It added that this will rise to 47.6% in August if a deal with China could not be struck. The duties will be initially in place for a maximum term of six months. They could, however, be imposed for five years if no agreement is made in that time.
The commission said it would continue its discussions with the Chinese chamber of commerce, in order to find a solution and suspend the measure.
The investigation took place when European manufacturers argued that the Chinese solar panels were being sold below their market value, therefore putting EU producers at risk.
Responding to the news, Paul Barwell, CEO of trade body the Solar Trade Association, said, “We are pleased that [EU trade commissioner] Karel de Gucht has listened to the concerns of the European solar industry and the majority of member states. However, the devil is very much in the detail, and we must keep up the pressure.
“Any form of duties is not good news. Allowing the industry a two month reprieve at 11% duties, without catches, might allow the industry some breathing space. However, European delivery lead times are up to ten weeks, and will also be subject to the availability of stock.”
Like our Facebook Page
How to Find an Eco-Friendly Termite Control Service Provider in Malaysia
Eco-Friendly Vegans Win Most Battles Not the War
3 Iconic Chicago Billboards Eco-Friendly Advertisers Can Learn from
EnviroSolar’s Abe Issa Discusses Success in Green Entrepreneurship
How Sports Could Be Impacted by Climate Change
What Eco-Friendly Patients Should Know about Online Therapy
6 Reasons Why Meal Delivery Services are Eco-Friendly
The Path for Retail’s Sustainable Future
4 Eco-Friendly Ways to Treat a Sinus Infection
4 Strategies for Eco-Friendly Real Estate Investors to Find Properties
How Managed Print Services Helps to Reduce Paper Waste
Why Scientists Are Concerned About ‘Forever Chemicals’ In Drinking Water
Meat Farming Is Only Getting Smarter, Easier & Eco-Friendlier
What is Eco-Friendly Homesteading and How Does it Affect Your Insurance?
Importance of Using a Water Purifier in an Area with High Pollution
Alternative Financing Ideas for Green Businesses that Shun Banks
Tencel Material Demand Shows Britain Is More Eco-Friendlier Than Ireland
How To Invest in Clean Energy Stocks in Only Five Easy Steps!
How To Secure Funding As An Eco-Entrepreneur?
4 Amazing Eco-Friendly Businesses Worth Starting in 2021
- Features8 months ago
Seven Health and Safety Tips for Eco-Friendly Products in a Green Home
- Energy9 months ago
Eco-Friendly Homeowners Lower Carbon Footprints through Greater Air Conditioner Efficiency
- Features8 months ago
Essential Guidelines for Eco-friendly Moving into new Home
- Invest10 months ago
The Eco-Friendly Evolution of Bitcoin Over the Years