THE European Commission imposed anti-dumping duties on imports of Chinese solar panels yesterday, defying German-led opposition and warnings from Beijing the move could spark a trade war.
European Union Trade Commissioner Karel de Gucht said the 27-nation bloc would impose an immediate tariff of around 12 percent on the import of panels, cells and wafers, increasing it to an average of 47 percent starting in August unless a settlement is reached with China.
China is the world’s largest producer of solar panels and is accused by the EU of selling them below-cost to corner the market. Its exports of solar panels to Europe totaled 21 billion euros (US$27.4 billion) in 2011.
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