Arab Today, arab today eu trade chief sees speedy end to china solar row
Last Updated : GMT 11:12:01
Arab Today, arab today
Arab Today, arab today

De Gucht emphasises importance of August deadline

EU trade chief sees speedy end to China solar row

Arab Today, arab today

Arab Today, arab today EU trade chief sees speedy end to China solar row

Solar panels at a plant in Hami, northwest China
Beijing - Arab Today

Solar panels at a plant in Hami, northwest China The European Union\'s trade chief expressed confidence Friday that Brussels and Beijing can reach a speedy agreement in a bitter dispute over Chinese solar panels that sparked fears of a debilitating trade war.
\"I trust that we can come to a solution in the coming days or coming weeks,\" EU Trade Commissioner Karel De Gucht said at a press conference in Beijing.
His remarks came after the European Commission, the EU\'s executive arm, imposed an average tariff of 11.8 percent on solar panel imports from China -- which will rise to more than 47 percent in August if negotiations fail to resolve the dispute.
China hit back at the tariffs by launching an anti-dumping and anti-subsidy inquiry into sales of European wine, which analysts said could hit wine exports from France and Italy, stoking fears the dispute was escalating.
De Gucht dismissed trade war fears, however, saying that an escalation \"would be stupid for both sides\".
 He also suggested that the August deadline was a key factor in the push for a settlement.
\"We should reach an agreement so as to have a solution which can be implemented by the 6th of August,\" he said, referring to the date the tariffs are set to increase.
The solar panel tariffs, which were introduced this month on a provisional basis, have sparked divisions among EU nations, who will vote in December on whether to make them permanent.
De Gucht\'s eagerness to resolve the dispute may be an effort to save face before EU member states vote against the tariffs, Tao Jingzhou, managing partner of law firm Dechert LLP China said.
\"He may also have realised that... it is better to reach a reconciliation with China than have the European Commission\'s decision to impose the anti-dumping tax vetoed (by the member states),\" he told AFP.
\"It mainly depends on how China builds up its alliance in the EU -- the better it is done, the more likely the European Commission will take a step back,\" Tao said.
De Gucht said he had \"taken notice\" of member states\' differing opinions, adding: \"It\'s up the commission to negotiate an agreement (with China)... Apart from that, I have no feelings about what the member states have been saying.\"
He spoke after talks with Gao Hucheng, China\'s minister of commerce, at the annual meeting of the two sides\' joint economic and trade commissions.
 Earlier Friday in a joint appearance with De Gucht, Gao said: \"Both sides have the wish and goodwill to address the solar panel issue\" through discussions about prices.
Though De Gucht insisted that the solar panel issue was not included in the discussions at the annual meeting, he said negotiators travelled to Beijing to continue talks on the issue that had begun recently in Brussels, though declined to give specifics.
In addition to solar cells, the EU and China are also involved in disputes covering other products including steel pipes.
Total trade between the two sides fell 3.7 percent year-on-year in 2012, with China\'s imports from the bloc rising 0.4 percent to $212 billion, while shipments in the opposite direction tumbled 6.2 percent to $334 billion, Chinese customs data showed.
The EU decided this month to challenge China at the World Trade Organization after Beijing slapped duties on some steel products.
Beijing has launched a probe into imports of EU wine and chemicals amid accusations of \"dumping\" -- or selling goods below cost -- while the EU has threatened an investigation into China\'s telecom equipment firms.
De Gucht had said earlier this month that Chinese panels were being sold at up to 88 percent below cost in the European market. Complaints from European companies had triggered a probe.
According to Chinese industry figures, China exported $35.8 billion of solar products in 2011, more than 60 percent of them to the EU, and imported $7.5 billion-worth of European solar equipment and raw materials.
De Gucht said that China was entitled to investigate EU wines.
\"I trust that there is no problem, and I trust also that Chinese people want to carry on drinking excellent European wine,\" he said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu trade chief sees speedy end to china solar row Arab Today, arab today eu trade chief sees speedy end to china solar row

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 10:57 2017 Thursday ,23 February

Chief executive out at Paramount Pictures

GMT 07:26 2017 Thursday ,23 February

A peek inside Qatar's 'gas capital of the world'

GMT 11:26 2017 Wednesday ,22 February

Dutch corporate takeover defences tough to breach

GMT 11:14 2017 Wednesday ,22 February

Lloyds Banking Group posts surging profits

GMT 10:01 2017 Tuesday ,21 February

Egypt pound rebounds from flotation slide

GMT 09:57 2017 Tuesday ,21 February

Greece agrees to bailout reforms compromise

GMT 09:55 2017 Monday ,20 February

Thailand 2016 growth up but below junta target
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday