European Union Plans on Removing Trade Measures on Photovoltaic Imports

European Union Plans on Removing Trade Measures on Photovoltaic ImportsChina is urging the European Union to stop its anti dumping and anti subsidy duties for Chinese photovoltaic exports as the EU is considering to do an extension of the said trade measures. China’s Ministry of Commerce stated that it will bring harm to the interest of both sides in extending the measures and is hoping that the EU will totally terminate the policies to further improve the China-EU economic ties.

Solar panels and other related components that are significant to the development of clean energy will help countries in achieving emission cut goals and to tackle climate change. The EU’s executive body has decided to create and launch an expiry review of it photovoltaic trade measures. The growth pace of clean energy is dragging down in Europe after European countries cut subsidies on solar panels and set a minimum import price.

The regions photovoltaic installed capacity has dropped to 7 gigawatts in 2014 compared to 24 gigawatts in 2013 and shares falling to 14.5 percent from the 74 percent of the world total. Both sides are now dealing with major disputes on the trade measure on solar panels that are imported from China before reaching any deals on a minimum import price and quota that is set for Chinese imports.

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