(MENAFN- Qatar News Agency) The European Union (EU) decided on Tuesday to impose definitive tariffs on Chinese solar panels.
According to a press release issued here today , the Council of the EU backed the European Commission' s proposals to impose 42.1% anti-dumping duty and anti-subsidy tariffs on imports of solar panels from China
The duties will apply for two years as of Dec. 6. In parallel, the Commission confirmed its decision to accept its undertaking with Chinese solar panel exporters, which means that those Chinese exporters who participate continue to be exempt from paying any anti-dumping and anti-subsidy tariffs , according to media reports
The Commission said the decision came after a 15-month investigation into the anti-dumping case and a 13-month probe into the anti-subsidy case, launched in September 2012 and November 2012 respectively
Chinese manufacturers had been allegedly selling a product used for producing solar panels, in the EU at prices below cost, thus causing "material injury" to EU producers, the Commission said in its Official Journal
The EU and China resolved their solar panel trade disputes amicably in August
Many Chinese manufacturers who agreed to accord with price undertakings, a form of an amicable solution in trade defense proceedings based on a minimum import price, could be exempt from the anti-dumping duties
The terms of the undertaking have been offered by Chinese exporters of solar panels, represented by the Chinese Chamber of Commerce at the talks.
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