According to Reuters, the European Commission confirmed on Friday that the trade remedy measures against Chinese solar panels will not be extended.
The report quoted the European Commission's statement that the relevant trade restrictions will be officially lifted from Monday, September 3.
As early as 2013, the EU began to impose anti-dumping duties on Chinese solar panels because local manufacturers complained about the low prices of Chinese products. The EU began to impose anti-dumping duties on Chinese solar panels. In March 2017, when these measures expired, the EU decided to extend them by 18 Month, but at the time it also suggested that it would not be extended again.
On Friday, Reuters reported that the EU rejected the EU producer's request for further extension, and it is expected that the import control measures for Chinese solar panels and batteries will be lifted in September. The report mentioned:
According to EU sources familiar with the consultations, the European Commission, which coordinated EU trade policy, proposed to reject the producer’s request for 'expiration review' and received support from the majority of the 28 EU member states. These producers previously argued If cancelled, the euro zone will open its doors to massive dumping products.
After the release of the above report by Reuters, China's PV concept stocks rose sharply on Monday, with the sector gaining 2.2%, becoming the leading A-share sector of the day.
In 2015, according to EU data, the bilateral trade volume between China and the EU reached about 520 billion euros ($551 billion), and the deficit between the EU and China reached 180 billion euros.
China's solar energy products have always been victims of trade conflicts. In January this year, the Trump administration first cited trade protection clause 201 for 15 years, and imposed protective tariffs on imported solar cells. For imported solar products, the United States will be 2.5 kilowatts. Within the protection-free tariffs of products, the tax is 30% in the first year after exceeding 2.5 GW, and the second, third and fourth years are reduced to 25%, 20% and 15% respectively.
On July 30, the Ministry of Finance of India officially passed the recommendation of the General Administration of Trade and Relief of India on the investigation of solar battery safeguard measures, which will impose a protection tax of up to 25% on many countries including China and Malaysia. The specific collection situation is: 25% of defensive tariffs a year, 20% in the first 6 months of the second year, 15% in the last 6 months, and 2 years from July 30, 2018.
Wall Street's "Selected Editor's Choice" previous article "India's highest tariff of 25%, the photovoltaic industry's overseas market's 'safe haven' set to collapse" has mentioned that in the first half of 2018, the Indian market accounted for about 20% of China's exports. After the closure of the US market, the introduction of the Indian protection tax will make it difficult for China Overseas to find more than 6GW.
The Indian government's additional protection tax is generally interpreted as protecting the country's photovoltaic industry. India's five major PV manufacturers have reached more than 50% of the industry's total output, but only accounted for 5% of India's domestic market share.
If the implementation of protective tariffs, it will inevitably lead to a reduction in PV imports. Insufficient domestic production capacity can be a reason to cover the weakening of the power transmission link. At that time, it may become a sufficient reason for the Modi government's vision to fail to achieve clean energy.