Arab Today, arab today pv firms voice concerns over eu tariffs on chinese products
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

PV firms voice concerns over EU tariffs on Chinese products

Arab Today, arab today

Arab Today, arab today PV firms voice concerns over EU tariffs on Chinese products

Beijing - XINHUA

Multiple opposing voices are being heard in the solar panel industry ahead of an upcoming vote on punitive tariffs that the EU plans to levy on Chinese-made photovoltaic (PV) products. Most German PV makers oppose the anti-dumping duties and hope the EU will refrain from levying them, according to Andy London, global manager of the Heraeus Photovoltaic Business Unit. In spite of the fact that provisionary duty rates will have little visible impact on our business, it will lead to excessive costs for the usage of solar panels, as the investment return period will be increased from six to eight years, he said. EU member states began voting on proposed anti-dumping duties ranging from 37 to 68 percent last Friday. The provisional rates will be effective starting from June 6 if the proposal is passed. The European Commission\'s plan to impose punitive duties has been opposed by EU business leaders and politicians. When the vote was held, a symbolic funeral march was conducted in Brussels to \"commemorate\" more than 200,000 jobs that are expected to be lost as a result of the duties. The event was organized by the Alliance for Affordable Solar Energy (AFASE), a coalition of more than 580 companies in the European PV industry that represent more than 60,000 EU jobs and turnover of more than 20 billion euros (about 25.9 billion U.S. dollars). According to a research report issued by German consulting firm Prognos, the punitive duties could lead to more than 200,000 lost jobs in Europe over three years. Meng Xiangan, deputy director of the China Renewable Energy Society, described the duties as a form of trade protectionism, adding that China might take retaliatory measures. Free trade, fair competition and cooperation are prerequisites for the healthy development of the global PV industry, said Fan Ruifeng, public relations director at Trina Solar Ltd. Representatives of solar panel giants Yingli Green Energy Holdings Co, Trina Solar Ltd. and Canadian Solar Inc. held a press conference on May 23 in which they declared their opposition to the duties and called for free trade. In a joint statement, the three said that restrictive measures will hurt China\'s solar industry, hinder solar application and development in Europe and have a negative impact on the EU\'s economy and employment. China\'s PV producers won\'t be the only victims of the duties, according to industry insiders. Barry Broome, CEO of the Greater Phoenix Economic Council of the United States, said it is highly possible that the proposal will pass and affect companies in other countries, citing U.S. anti-dumping policies targeting Chinese PV products. Punitive tariffs struck many U.S. companies that have formed promising business relations with their Chinese partners, Broome said. Broome added that two major projects involving Chinese investors were cancelled in Arizona due to the policies. \"China is willing to make joint efforts with the EU to maintain healthy and stable trade relations,\" a spokeswoman from the Chinese Mission to the EU said Wednesday, adding that trade protectionism will only weaken economic growth.

arabstoday
arabstoday

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 pv firms voice concerns over eu tariffs on chinese products Arab Today, arab today pv firms voice concerns over eu tariffs on chinese products

 



Arab Today, arab today

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 pv firms voice concerns over eu tariffs on chinese products Arab Today, arab today pv firms voice concerns over eu tariffs on chinese products

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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