Press conference by Karel De Gucht, Member of the EC, on the amicable solution in the EU/China solar panels case
Karel De Gucht, Member of the EC in charge of Trade, gave a press conference on the amicable solution in the EU-China solar panels case. The presentation of the offer by the Chinese exporters results from weeks of intensive talks following the imposition of provisional anti-dumping duties on EU imports of solar panels from China on 6 June. The duties were foreseen to be imposed in two steps, starting with 11.8% on 6 June and 47.6% on average on 6 August. Price undertakings are a form of an amicable solution in trade defence proceedings permitted by the WTO and EU laws. It is an alternative form of a measure: a duty is replaced by a price undertaking based on a minimum import price. Those exporting Chinese companies participating in the price-undertaking will be subject to its terms. Hence, their exports will be exempted from the anti-dumping duties.