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187 words - June 5, 2013 | © DiploNews, all rights reserved.
After a "thorough and serious investigation (of nine months) and extended contact with market players, (…) the European Commission (EC) has decided to impose provisional anti-dumping duties on imports of solar panels, cells and wafers from China," a statement announced on June 4.
According to the EC, the Chinese companies have been selling solar panels to Europe "at far below their normal market value," therefore causing "significant harm" to EU producers. As a sanction for its "unfair trade practice," China solar panels imports will be imposed provisional tariffs from June 6 and for the next 6 months.
"There will be two steps: as of 6 June, a tariff of 11.8% will be imposed on all Chinese solar panel imports. Two months later, as of 6 August, the average tariff will be 47.6%. Overall, the duties will range from 37.2% to 67.9% at that stage," explained EU Trade Commissioner Karel De Gucht.
In December, the EC will decide whether to terminate such measures or to impose definitive anti-dumping measures for a duration of five years.
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