EU continues to conduct countervailing investigations on PV products in China

The European Commission recently announced that due to the "price commitment" agreement with China, some Chinese PV companies will be exempted from high anti-dumping duties, but the countervailing investigation on solar cells and related components produced in China will continue. The EU will not adopt temporary taxation measures for the time being, and the final investigation results will be announced at the end of this year.

The European Commission announced on the same day that it will not impose a temporary countervailing duty on China's solar cell products, but ultimately whether the taxation needs to be completed after the investigation is completed. "At the end of the year, the analysis conclusions of the double-reverse investigation will be announced to relevant interest groups. After the conclusions are approved by these groups, the European Commission will finally announce the decision on whether to impose countervailing duties before December 5."

The EU's countervailing investigations and anti-dumping investigations against Chinese solar cell products began on November 8, 2012. The EU will impose a 11.8% temporary anti-dumping duty on photovoltaic products produced in China from June 6. If the EU and China fail to reach a compromise plan by August 6, the anti-dumping tax rate will rise to 47.6%. The European Commission announced last month that the EU and China have reached a "friendly solution" on the PV trade dispute. In this regard, the Chinese Ministry of Commerce and most Chinese PV companies are welcome.

EU Trade Commissioner De Gucht said that a large number of Chinese PV companies have agreed to set a minimum price for PV products exported to the EU. These companies account for 70% of China's total exports of PV products to Europe. These companies do not have to pay. For punitive tariffs, companies that do not participate in the agreement are required to pay an anti-dumping duty of 47.6% to the EU.

The Sino-European PV trade dispute is the largest trade friction case involving Sino-European trade history and is one of the important issues in China-EU trade and economic relations.

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