{"id":13245,"date":"2013-06-07T10:07:54","date_gmt":"2013-06-07T04:37:54","guid":{"rendered":"http:\/\/www.greenworldinvestor.com\/?p=13245"},"modified":"2013-06-07T10:07:54","modified_gmt":"2013-06-07T04:37:54","slug":"11-8-provisional-duty-on-chinese-produce-temporary-relief-for-chinese-solar-panel-manufacturers","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2013\/06\/07\/11-8-provisional-duty-on-chinese-produce-temporary-relief-for-chinese-solar-panel-manufacturers\/","title":{"rendered":"11.8% provisional duty on Chinese produce, temporary relief for Chinese Solar Panel Manufacturers"},"content":{"rendered":"

The Eu-China Trade War<\/h1>\n

We have been writing continuously about the global solar trade wars, covering all the countries involved.\u00a0Europe<\/strong> started the biggest\u00a0anti dumping<\/strong>\u00a0case against China<\/strong>. The\u00a0German solar panel maker Solarworld<\/em>, complained against super cheap imports of solar modules from China to the EU worth 21 billion euros, under a\u00a0group called\u00a0ProSun<\/em>. The EU-China<\/strong> solar spat is the largest one in the global solar industry since\u00a0China imports most of its production to Europe, particularly countries like Germany and Italy. In fact, the Chinese solar growth has been largely driven by the solar subsidy policies in the European countries. Until last year, almost 95% of the Chinese solar panel production was exported to Europe. Europe accounted for almost 55% of the world\u2019s demand of solar panels in the last year and has been instrumental in the growth of the Chinese solar industry. Read more here<\/a>.<\/p>\n

Provisional 11.8% Duty<\/h3>\n

The case was left open, until yesterday when there was news that the European Union has decided to levy anti-dumping duty of 11.8% on the imports from Chinese manufacturers. If the countries do not come out with some sort of agreement in next 2 months, the duties might be raised substantially to a range of 37%-70%, ie almost 3-6 times. The provisional increase came as a big relief for the Chinese manufacturers, who were expecting higher duties. This might increase the imports of solar panels temporarily, till August 2013 when the fate would be decided.<\/p>\n

Europe, China Reactions<\/h3>\n

Europe is relieved to hear the decision of the Commission and strongly opposes the Chinese act of selling modules cheaply in the world. China on the other hand, opposes this move and wants to enter into an agreement that would be mutually beneficial to both the nations. It says that the future of the entire global solar industry is at stake.<\/p>\n

\"YGE<\/a><\/p>\n

The graph above shows four major stocks in China closed below their previous day prices on June 5th, when the news came in.\u00a0<\/span><\/p>\n

Bloomberg<\/a><\/p>\n

The duties are \u201can emergency measure to give life-saving oxygen to a business sector in Europe that is suffering badly from this dumping,\u201d European Trade Commissioner Karel De Gucht said yesterday. He said the lower rate is an incentive to bring the Chinese solar industry to the bargaining table.<\/p>\n

\u00a0\u201cWe are relieved that the European Commission finally introduced concrete measures,\u201d\u00a0EU ProSun, a group that represents European producers including\u00a0Germany\u2019s biggest panel-maker\u00a0Solarworld AG (SWV), said in a statement yesterday. \u201cDumping is fraud and harms the future of solar energy.\u201d<\/div>\n
<\/div>\n
\u201cPunitive tariffs — no matter at what level — will inevitably lead to higher prices for solar products, causing at least the stagnation of the solar industry in Europe,\u201d Miao Liansheng, chief executive officer of\u00a0Yingli Green Energy Holding Co. (YGE),\u00a0China\u2019s largest panel maker by shipments, said in a statement today. The company seeks \u201cthe prompt resumption of talks between China and the European Commission.\u201d<\/div>\n
<\/div>\n
<\/div>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

The Eu-China Trade War We have been writing continuously about the global solar trade wars, covering all the countries involved.\u00a0Europe started the biggest\u00a0anti dumping\u00a0case against China. [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[80,87,45],"tags":[446,1002,1804,4879,4956,5188],"class_list":["post-13245","post","type-post","status-publish","format-standard","hentry","category-china-world-markets","category-europe-world-markets","category-solar-renewable-energy-greeninvest","tag-anti-dumping-duty","tag-china-green-stocks-greeninvest","tag-europe-green-stocks-greeninvest","tag-solar-industry","tag-solar-panels","tag-solarworld"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/13245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=13245"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/13245\/revisions"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=13245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=13245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=13245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}