9 minutes agoEU lifts trade controls for Chinese solar panels
Periskopi(8 years ago)
(8 years ago)The European Union will end restrictions on the sale of solar panels from China early next week, following a move EU producers said would lead to a flood of cheap imports. The European Commission, which co-ordinates trade policies in the EU, said through a statement Friday that [...]
The European Commission, which co-ordinates trade policies in the EU, said through a statement Friday that the measures will expire at midnight Monday on September 3rd.
Chinese producers have been allowed to sell solar products in Europe without taxes, if they do so, at or over a minimum price of progressive decline. If sold cheaper than the price, they are subject to obligations of up to 65 per cent.
The Commission said it was in the interest of the EU for the measures to pass, given the aim of the union, to increase its supply of renewable energy.
The measures had also dropped over time, allowing import prices to be linked to world market prices.
