Sept. 7, 2012 –The European Union says it is launching an anti-dumping probe into the import of solar panels from China, after an industry association claimed the equipment was entering Europe at below-market value.
Sept. 6, 2012 — The European Union says it is launching an anti-dumping probe into the import of solar panels from China, after an industry association claimed the equipment was entering Europe at below-market value.
An EU statement released last Thursday said that in 2011 China exported solar panels and associated key components worth over $20 billion to the 27-nation bloc.
The statement said the investigation is expected to last 15 months but that provisional anti-dumping duties could be imposed within nine months if clear evidence of dumping emerges.
In July, a group of 25 producers of solar gear — including companies from Germany, Italy and Spain — filed an anti-dumping complaint with the EU. Chinese companies warned that Beijing would retaliate, possibly triggering a trade war.
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