EU Imposes Large Duty on Solar Panels from China

The European Commission agreed to impose punitive import duties on solar panels from China in a move to guard against what it sees as dumping of cheap goods in Europe, prompting a cautious response from Beijing which called for further dialogue.
EU commissioners backed EU Trade Chief Karel De Gucht’s proposal to levy the provisional duties by 6 June and make Chinese solar exports less attractive, two officials said.

Shares in German manufacturers SolarWorld, Phoenix Solar and Centrotherm rose sharply, while China’s Suntech fell heavily.

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