CHINA, EU SETTLE SOLAR TRADE DISPUTE

EU reaches 'amicable solution' with China on solar panel dispute

July 27, 2013 (AFP via The Economic Times)

“China and the European Union defused their biggest trade dispute by far on Saturday with a deal to regulate Chinese solar panel imports and avoid a wider war in goods from wine to steel…After six weeks of talks, the EU's trade chief and his Chinese counterpart sealed the deal over the telephone, setting a minimum price for panels from China near spot market prices…An EU diplomatic source said that in the solar agreement, the agreed price was 0.56 euro cents per watt, near the spot price for Chinese solar panels in July in Europe…Under the terms of the deal, China will also be allowed to meet [7 of Europe's 2012 16.9 gigawatt] solar panel demand…without being subject to tariffs under the deal…” click here for more

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