EU upending anti-dumping measures on Chinese solar panels is mutually beneficial : expert

Source:Global Times Published: 2018/9/2 19:03:40

EU upending anti-dumping measures on Chinese solar panels is mutually beneficial


The EU has "taken the big picture into consideration" as it upends years of anti-dumping and anti-subsidy measures on solar panels from China, an expert said on Sunday.

"Actually, those anti-dumping measures are hurting EU industries more than they did the photovoltaic (PV) industry in China," said Bai Ming, a research fellow at the Chinese Academy of International Trade and Economic Cooperation.

According to a statement it published on its official website on Friday, the European Commission announced that it would not extend punitive trade measures against solar panels from China.

The measures will expire at midnight on Monday.

China's Ministry of Commerce (MOFCOM) said on Saturday that it welcomes the EU's decision to end its anti-dumping and anti-subsidy measures on solar panels from China.

"This is a result of joint efforts by governments and the industry. It is also a good example of solving trade disputes via negotiations," according to a statement published by MOFCOM on Saturday.

MOFCOM also noted that the EU's move will help China and Europe's photovoltaic (PV) industries return to normal market conditions, and will help both sides' solar panel industries achieve win-win.

The EU first imposed anti-dumping and anti-subsidy measures on Chinese solar panels in December 2013 for a period of two years. These measures were renewed in March 2017 for 18 months, according to the aforementioned statement from the European Commission.

Bai said that the EU has realized that by restricting solar panel imports from China, its own PV-related industry, like PV retail and PV installment, experiences higher costs, "which is bad for local employment."

The EU's move comes at a time when protectionism is on the rise in the global context, particularly as the US has launched a relentless trade war with China.

Bai said that countries like the US are more narrow-minded in their efforts to hurt China's industries by means of tariff increases.

India also recently recommended imposing a 25 percent duty on solar cells and modules from China in order to counter "a threat" to its own solar equipment industry, according to a report released by Reuters.

"Such measures would hurt [India's] own trade with China and would actually bring benefits to other countries, even competitors, as China will be forced to seek alternative partners," Bai said.


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