China welcomes end of EU restrictions on solar panel imports

The Trade Ministry said in a statement on Sunday that the decision to remove the measures that had been in place for almost five years would restore the trade of solar panels between China and the EU in line with normal market conditions and create a more stable and predictable business environment, reports Efe news.

China has viewed the measure as a successful resolution of trade disputes through discussions, and added that Beijing wants to continue cooperating with Europe to boost global free trade and a multilateral rules-based trading system.

The EU had imposed the measures in December 2013 after months-long investigations which confirmed that Chinese companies were selling solar panels in Europe for prices far lower than normal for the market and were receiving illegal market subsidies from Chinese authorities.

Image courtesy of thesatimes | Welcome to The South Asian Times

Share this post