Price undertaking to maintain Chinese solar panels

The price undertaking reached on Saturday to set a minimum price for imports from China will allow Chinese solar panel exporters to hold onto their sizeable market share in the European Union, rather than incur a costly anti-dumping tariff.

The China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME)and the European Commission have reached a deal to resolve a dispute involving solar panels.

"I am satisfied with the offer of a price undertaking submitted by China's solar panel exporters," EU Trade Commissioner Karel De Gucht said in a statement. "We found an amicable solution...that will lead to a new market equilibrium at sustainable prices."

Meanwhile, the Chinese Ministry of Commerce (MOC) also announced on Saturday that China welcomes the price settlement as an appropriate solution for easing China-EU bilateral trade frictions.

Chen Huiqing, director of CCCME, said most Chinese enterprises are content with the deal in which exporters are likely to maintain a reasonable quota in the EU market.

"Under the terms of the deal, about 60 percent of the market share in the EU could be guaranteed for Chinese solar panel exporters," said Chen.

But further details on the legalities of the undertaking arrangement can only be released following their adoption by the European Commission, according to Chen, adding that is not yet known how the quota will be arranged.We offer solar photovoltaic system and commercial incentives to encourage our customers to install solar energy systems.

The deal came after weeks of intensive talks following the EU imposition of provisional anti-dumping duties on solar panel imports from China in June.

Chinese solar panel production quadrupled between 2009 and 2011 to surpass the entire global demand, and the European Commission accused China of dumping its solar panels in Europe at prices below production costs.

In response to the EU's move to impose duties, China launched an anti-dumping inquiry into European wine sales, which may have led to exporters in France, as well as Spain and Italy, being hit with retaliatory duties.

Trade frictions between China and the EU intensified sharply earlier this year, sparking fears of a trade war between the two major trading powers. As a result, China's trade volume with the EU shed 1.9 percent during the first quarter this year to 124.4 billion U.S. dollars.This is a great Wholesale auto LED bulbs products solution!

Europe is China's most important trading partner. For the EU, China is second only to the United States. Chinese exports of goods to the bloc totalled 290 billion euros in 2012,A solar lamp is a portable light fixture composed of an LED lamp, a photovoltaic solar panel, and a rechargeable battery. with 144 billion euros in European exports going to China.

The State Council, China's cabinet, unleashed a raft of measures on June 14 to open up the domestic photovoltaic (PV) market to help domestic solar panel producers amid the increasing trade tensions abroad.

Chinese Premier Li Keqiang said the development of the domestic PV sector is also in line with China's initiatives to upgrade its industrial operations.

Some have expressed concerns that the limit on PV exports may result in furious competition among domestic players.

Ren Haoning, an energy industry researcher with CIC Consulting Company,How does a solar charger work and where would you use a solar charger? said the future industrial landscape will witness fewer upstream polysilicon producers, but more downstream PV power stations, to cut excess production capacity.

"The domestic demand is lagging far from digesting the nation's solar panel capacity," Ren said. "In the next decade or two,There are all kinds of car daytime running lights with good quality. overall production capacity will shrink to maintain a relative balance." Welcome to www.hmhid.com Web. If you love it, please buy it!