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EU begins dumping probe into China solar firms
By Richard Fu |
September 6, 2012, Thursday
|
Online Edition
Online Edition
The European Commission has announced the opening of an anti-dumping investigation into Chinese solar panel exports, a move that could trigger a trade war between China and the 27-nation bloc.
The investigation stems from a claim by European solar firms led by Germany's SolarWorld that accuses Chinese companies of selling panels below market prices and seeks tariffs on Chinese products.
SolarWorld launched a similar initiative in the United States that led the Obama administration to impose preliminary duties on Chinese solar panels in May.
Chinese companies, including Yingli Green Energy and Suntech Power Holdings, in July warned of a whole-scale trade war after their European rivals filed the complaint, saying this would cause huge losses to both parties. They also urged the Chinese government to take necessary steps to avoid an investigation in Europe, the world's largest solar market.
Chinese firms said the claim is unfounded and it is the open market and increased competition that made solar energy affordable in the EU.
The investigation stems from a claim by European solar firms led by Germany's SolarWorld that accuses Chinese companies of selling panels below market prices and seeks tariffs on Chinese products.
SolarWorld launched a similar initiative in the United States that led the Obama administration to impose preliminary duties on Chinese solar panels in May.
Chinese companies, including Yingli Green Energy and Suntech Power Holdings, in July warned of a whole-scale trade war after their European rivals filed the complaint, saying this would cause huge losses to both parties. They also urged the Chinese government to take necessary steps to avoid an investigation in Europe, the world's largest solar market.
Chinese firms said the claim is unfounded and it is the open market and increased competition that made solar energy affordable in the EU.
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