Abstract China and the EU finally reached a solution to the PV trade dispute. On August 2, the European Commission announced that it has formally approved the “price commitment†agreement for the Sino-European PV trade dispute. The agreement was officially implemented on August 6 and is valid until the end of 2015. In other words, in the future China...
China and the EU have finally reached a solution to the PV trade dispute. On August 2, the European Commission announced that it has formally approved the “price commitment†agreement for the Sino-European PV trade dispute. The agreement was officially implemented on August 6 and is valid until the end of 2015. In other words, in the future, China's PV products exported to the European market must be traded at a negotiated price. A few days ago, the official website of the Ministry of Commerce of the People's Republic of China announced that China and the EU had reached a "price commitment" on China's trade dispute over PV products. Both China and the EU are committed to exporting PV modules to Europe at a price of between 0.55 euros and 0.57 euros per watt. In early June this year, the European Commission announced that the EU will impose a 11.8% temporary anti-dumping duty on photovoltaic products produced in China from June 6. If the EU and China fail to reach a compromise plan by August 6, the anti-dumping tax rate will rise to 47.6%.
According to industry insiders, this "price commitment" reflects the will of the majority of Chinese companies. China's PV products will continue to export to the EU and maintain a reasonable market share under the trade arrangements negotiated between the two parties.
“Most Chinese companies are satisfied with this. In general, the PV industry can maintain a 60% market share in the EU.†Chen Huiqing, director of the Legal Department of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, said in an interview with the media that the quota for export volume is The distribution in domestic enterprises is still in the research stage.
The person in charge of the company believes that the settlement has even left the market share of the EU's eight or nine percent to China.
The annual quota for China's PV exports to Europe may be 7 GW/year. Jingjing Energy's global brand director Qian Jing said in an interview with the media: "According to our forecast, this year and next year, the overall demand for the European PV market is also Only 8 GW ~ 9 GW / year. Therefore, this 'price commitment' will be allocated to China 7 GW / year, equivalent to 80% to 90% of the market share left to China."
How to allocate quotas is the most concerned topic of domestic enterprises. According to industry insiders, the biggest possibility is that the big manufacturers get most of the quotas, and the small businesses get a share of the top, and the next days will be very difficult.
More than half of the EU market is reserved for China
China and the EU have finally reached a solution to the PV trade dispute. On August 2, the European Commission announced that it has formally approved the “price commitment†agreement for the Sino-European PV trade dispute. The agreement was officially implemented on August 6 and is valid until the end of 2015. In other words, in the future, China's PV products exported to the European market must be traded at a negotiated price.
A few days ago, the official website of the Ministry of Commerce of the People's Republic of China announced that China and the EU had reached a "price commitment" on China's trade dispute over PV products. Both China and the EU are committed to exporting PV modules to Europe at a price of between 0.55 euros and 0.57 euros per watt. In early June this year, the European Commission announced that the EU will impose a 11.8% temporary anti-dumping duty on photovoltaic products produced in China from June 6. If the EU and China fail to reach a compromise plan by August 6, the anti-dumping tax rate will rise to 47.6%.
According to industry insiders, this "price commitment" reflects the will of the majority of Chinese companies. China's PV products will continue to export to the EU and maintain a reasonable market share under the trade arrangements negotiated between the two parties.
“Most Chinese companies are satisfied with this. In general, the PV industry can maintain a 60% market share in the EU.†Chen Huiqing, director of the Legal Department of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, said in an interview with the media that the quota for export volume is The distribution in domestic enterprises is still in the research stage.
The person in charge of the company believes that the settlement has even left the market share of the EU's eight or nine percent to China.
The annual quota for China's PV exports to Europe may be 7 GW/year. Jingjing Energy's global brand director Qian Jing said in an interview with the media: "According to our forecast, this year and next year, the overall demand for the European PV market is also Only 8 GW ~ 9 GW / year. Therefore, this 'price commitment' will be allocated to China 7 GW / year, equivalent to 80% to 90% of the market share left to China."
How to allocate quotas is the most concerned topic of domestic enterprises. According to industry insiders, the biggest possibility is that the big manufacturers get most of the quotas, and the small businesses get a share of the top, and the next days will be very difficult.
Avoid trade war is a win-win situation
The "price commitment" agreement reached between China and the EU on the trade dispute over photovoltaic products means that the trade friction with the largest amount involved in the history of Sino-European trade has finally "turned around." In this regard, some people in the European PV industry said that the agreement reached a positive signal to resolve disputes between China and Europe. In this regard, international public opinion has also paid attention to and gave positive comments, which is considered to be of great significance.
Daniel Caspary, a member of the European Parliament's International Trade Committee, said that the trade volume between China and Europe is more than 1 billion euros a day, and I don't want to see China and Europe play a big stick. Eriksson, director of the European Center for International Political Economy, said that since June, the progress of the photovoltaic case has left the European Commission with no retreat. Once the concession, both lost face and may be reported to the European Court of Justice by the main control company, and now finally reached an agreement.
According to DPA, this solution avoids the escalation of trade wars. German Economy Minister Lesler welcomed the settlement of Central Europe in Berlin on July 27. He said: "It is a good thing to have a compromise."
The agreement reached between China and the EU avoided the escalation of trade disputes. China's PV products are very popular in Europe, and the EU is not willing to lose business in China, the world's second largest economy.
Just after China and the EU reached a settlement on the PV trade dispute through negotiations, China’s Ministry of Commerce spokesman Shen Danyang publicly stated that the EU is the largest export market for PV products in China, and it is helpful to maintain an open trade through dialogue and consultation to resolve PV trade frictions. The China-EU economic and trade relations of cooperation, stability, and sustainable development are in the common interests of both sides.
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