EU-China
Solar Row Escalates, Settlement Rumours Fly
The Sino-European spat over trade in solar panels
has continued to escalate in recent weeks, with officials in Beijing warning
that Brussels’ planned anti-dumping duties could have severe implications for
their bilateral relationship. Meanwhile, conflicting news reports have also
emerged over the past few days regarding whether a negotiated settlement aimed
at defusing the row may soon be on the horizon.
Tensions between Brussels and Beijing on the solar trade
subject have been running particularly high ever since reports emerged earlier
this month of the European Commission’s plans to impose duties on solar panel
imports from China. The provisional duties are set to average 47 percent, with a range of 37 to 68 percent.
The duties are expected to be approved by early June. The
Commission must then determine whether to alter - or revoke - the final duties
by December.
These particular duties are aimed at targeting the practice
of dumping, which involves companies selling their products abroad at prices
below normal market values, causing harm to the domestic industry of the
importing country. They are the result of an investigation that the Commission
launched last September in response to a complaint by the EU Pro Sun coalition,
a group of 25 European solar panel manufacturers headed by the German-based SolarWorld.
The same coalition of companies that lodged the anti-dumping
complaint has also asked the Commission to determine whether China’s producers
had received unfair subsidies; the results of that investigation are expected
by August.
The 27-country EU bloc is China’s main export market for
solar panels, making up nearly 80 percent of all Chinese
export sales, according to European Commission data. In 2011, for instance, the
Asian country exported €21 billion worth of solar panels and their main
components to the EU.
The US, for its part, already has both anti-dumping and
anti-subsidy - also known as countervailing - duties in place on imports of
Chinese solar cells, following a separate investigation conducted by the US
Department of Commerce last year.
Since
the news broke of the Commission’s decision, Chinese officials have stressed
that the imposition of these duties could have major ramifications for
Brussels-Beijing trade ties. Commerce Ministry spokesman Shen
Danyang warned last week, for instance, that such a
move would “seriously damage” the bilateral relationship.
The implications of a trade fall-out with Beijing has also
caused strains within the EU bloc, with Germany putting pressure on the
European Commission to refrain from imposing the measures. The provisional
duties, Economy Minister Philipp Rösler said on
Sunday, 19 May, are a “grave mistake.”