EU imposes anti-dumping levy on China’s solar panels
Wednesday, June 5, 2013 8:01
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from The BRICS Post:
The European Union has announced its decision of imposing anti-dumping levies on imports of Chinese solar panels.
Eighteen EU member countries had opposed the move.
A punitive tariff of about 12 per cent would be levied on the import of solar panels, cells and wafers this week, EU trade commissioner Karel De Gucht announced on Tuesday.
That will increase to an average of 47 per cent in August unless a settlement is reached with China in the next 60 days.
According to EU calculations, a fair sale price for Chinese solar panels should be 88 per cent higher than what they are currently being sold for.
