1. Friday May 25, 2018
      Home > News > Economy
      Text:| Print|

      EU solar duties targeting China could backfire

      2013-05-10 08:19 Xinhua     Web Editor: qindexing comment

      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.

      China, which is now EU's second-largest trade partner, could certainly join the endeavors to help pull the bloc out of recession with the power of its massive demand. China-EU trade stood at 168.16 billion U.S. dollars in the first four months of 2013, topping China's trade with the United States and Japan.

      However, the punitive duties could open a Pandora's box that would derail Europe's solar energy efforts and damage China-EU trade relations.

      A study by independent research institute Prognos showed that duties of 60 percent would cost Europe up to 242,000 jobs and 27 billion euros (35.5 billion U.S. dollars) over the next three years.

      The Alliance for Affordable Solar Energy, a coalition of more than 450 European photovoltaic companies, called the proposed punitive tariffs "extremely disturbing," saying they would cause "irreversible damage" to Europe's entire photovoltaic value chain.

      The notion that China will do nothing and quietly accept the duties is unrealistic.

      China will likely retaliate unless both sides can sit down and figure out a feasible way to avoid a trade war. The duties will only create a lose-lose situation for both sides.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 妞干网免费视频观看| 亚洲日本在线观看视频| 成人免费无码大片a毛片| 亚洲一区视频在线播放| 猫咪免费观看人成网站在线| 4399影视免费观看高清直播| 亚洲成aⅴ人片久青草影院| 亚洲免费视频观看| 中文字幕不卡免费高清视频| 女人18毛片水真多免费播放| 亚洲熟伦熟女专区hd高清| a在线视频免费观看| 免费人成无码大片在线观看| 久久精品亚洲AV久久久无码| a毛片在线还看免费网站| 国产免费人人看大香伊| 亚洲资源最新版在线观看| 日本在线免费播放| 亚洲国产精品碰碰| 怡红院免费的全部视频| 亚洲国产精品久久| 国产免费网站看v片在线| 色噜噜综合亚洲av中文无码| 亚洲免费人成在线视频观看 | 亚洲一区欧洲一区| 免费的一级片网站| 亚洲天堂中文字幕在线观看| 久久精品视频免费播放| 亚洲乱人伦精品图片| 国产成人免费网站在线观看| 亚洲妇女无套内射精| 成人五级毛片免费播放| 五月天国产成人AV免费观看| 免费v片在线观看品善网| 在线观看免费黄色网址| 亚洲乱码一二三四五六区| 亚洲国产精品激情在线观看 | 爱丫爱丫影院在线观看免费| 亚洲AV综合色区无码二区偷拍| 亚洲国产a级视频| 19禁啪啪无遮挡免费网站|