(MENAFN) Europe has reached an "amicable" settlement with China on Saturday to end the row over the Chinese solar panels dumping European markets at very low prices which threatened the country's business, reported Times of Oman.
The EU trade chief agreed over the phone with his Chinese counterpart to set a minimum price of exported Chinese panels to Europe.
It's worth mentioning that a suggested plan, which was not approved by the majority of the EU governments, entailed imposing high tariffs on Chinese imports from August 6.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.