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European Commission propose tariffs of 47%

It has been reported that the European Commission has backed EU trade chief, Karel De Gucht’s proposal to impose tariffs between 37.2% and 67.9% on Chinese solar module manufacturers.

It is believed a consultation process has now begun with member states given until 15th May to agree or disagree with the proposition. A decision is expected to be announced on 5th June.

Reports suggest that over 100 Chinese companies have been involved in the investigation, with compliant companies given a lower tariff than those who did not cooperate, with tariffs averaging at 47%.

A recent Prognos study reported that, based on conservative calculations, any levies imposed could cost Europe up to €27.8million.

The EU ProSun industry association claims on its website, “If the situation continues and the European producers are not allowed to compete with the Chinese producers at fair prices, the whole industry might cease to exist.”

Meanwhile, last week the Solar Trade Association, along with eight other European solar trade associations, sent an open letter to European trade commissioner Karel De Gucht expressing concern over the anti-dumping investigation.

Paul Barwell, CEO of the STA said, “The current uncertainty is undermining the industry at all levels. The allegations of dumping simply do not stack up but in the meantime we are facing real difficulties. The STA has signed this letter in an effort to bring home to the Commission the strength of the industry’s views and we hope the Commission will take note.”

Posted by:Ecolution Products Limited

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