The European Union will announce the imposition of anti-dumping on Chinese solar panels, officials said Tuesday, a move that could lead to the world's two largest economies between the trade war.
China is the world's largest manufacturer of solar panels, is accused of selling below cost EU monopoly. In 2011, its exports to Europe amounted to 2.1 billion euros ($ 27.5 bn).
EU officials said the Trade Commissioner Karel De Gucht will be announced later Tuesday tariffs. He spoke on condition of anonymity because he was not authorized to discuss the transaction before the official announcement.
The European Commission, the EU's executive body confirmed that involve antitrust issues, De Gucht will present findings, but declined to give details. Before the completion of the probe, the Commission has proposed a 47% special tariffs on Chinese solar panels.
Trade between the lines, the world's number one and number three economies, the EU and China is the largest sales in the history of anti-dumping cases, according to EU officials.
Duties, effective immediately, but in the next six months, the Commission will negotiate a settlement with China - which may involve Beijing agreed to a higher price to sell its solar panels.
If you can not reach a settlement, Brussels will propose a permanent anti-dumping duties, which will require the majority of the 27 EU member states for approval.
Global solar panel market suffered overcapacity, resulting in fierce competition has forced some European manufacturers of business.
Nevertheless, some EU countries, including Germany, heavyweight, had objected to impose special tariffs, and urged the Committee to reach a settlement with China.
Germany is the eurozone's largest solar industry, but Berlin worried impose special tariffs may lead to Chinese retaliation against imports of European goods, in turn, would undermine German exporters.
China rejected the EU price dumping allegations, but the problem is not new Beijing. Last year, the United States on imports of solar panels impose punitive tariffs, we found that Chinese government subsidies to the influx of American corporate market.
 
 



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