Commissioner De Gucht: “We found an amicable solution in the EU-China solar panels case that will lead to a new market equilibrium at sustainable prices”
EU Trade Commissioner Karel De Gucht stated:
“After weeks of intensive talks, I can announce that I am satisfied with the offer of a price undertaking submitted by China’s solar panel exporters, as foreseen by the EU’s trade defence legislation. This is the amicable solution that both the EU and China were looking for.
We are confident that this price undertaking will stabilise the European solar panel market and will remove the injury that the dumping practices have caused to the European industry. We have found an amicable solution that will result in a new equilibrium on the European solar panel market at a sustainable price level.
Upon consultation of the advisory committee composed of Member States, I intend to table this offer for approval by the European Commission.”
Source: European Commission
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