Make Us Your Home Page
Rules Help
Home Contact
Opening Hours: 9:00-22:00 (BJT)
· The post position :China
Topic:EU solar duties targeting China could backfire Add a comment   
Posted by forumenglish at 2013-05-09 19:46:31.0     Posts by the author  
React >  angry disgusting funny happy inspiring moving sad shocking
EU commissioners backed a proposal to levy punitive duties on Chinese solar panel manufacturers on Wednesday, with many believing that the move will protect Europe's economic interests.

But the results could prove otherwise.

Anti-dumping duties on imports of Chinese solar panels that will come into effect after the European Commission publishes the decision in its Official Journal, will range from 37 to 68 percent, according to media reports.

The EU's tariff proposal came after the 27-member bloc accused Chinese solar companies of selling panels below cost in Europe in an effort to gain market share, an accusation that has been rejected by Chinese solar panel makers.

A complaint was lodged by EU Pro Sun, an ad hoc association representing more than 20 European solar panel producers.

However, many of these companies have simply made mistakes in judging market trends.

When the global photovoltaic industry saw its golden days at the beginning of 2008, many European companies signed fixed-price supply contracts with Chinese solar panel exporters with terms as long as 10 years, fearing that they would have to endure high prices in the future.

But the European sovereign debt crisis led to sharp cuts in government subsidies for the solar energy sector in Europe and sent polycrystalline silicon prices down to 50 to 100 U.S. dollars per kg.

The EU's protectionism sends the wrong message to the business world, particularly at a time when Europe is still struggling.

Full Xinhua story >>
      Thank you for your reading; you are the NO. 754 reader of the post. Close window
 ·  The post only expresses the views of the author; please give reference to the author and source if you repost it.
       If the post violates the legitimate rights of any person or unit; please contact the author or us (Fax 010-63070900).
Add a comment  
Functional zone
B Url
I Image
U Flash
Add an attachment
Upload photo/audio/video(smaller than 600k)
You are an anonymous user. If you want to submit a post, please enter your username and password.
If you haven’t registered, please click here to register .
Username: Password:
  Back to top   
Most Popular in 24 hrs