Merkel Seeks Solar Talks to Prevent China Dumping Case in Europe
Merkel proposed trying “to solve the problems in the solar sector so one can prevent that an anti-dumping case has to be opened,” she told reporters today in Beijing. “There’s still time, and it would be better to solve this in talks.”
Solarworld AG (SWV), Germany’s biggest panel maker, is leading a push by about 25 European manufacturers for the commission to probe whether Chinese rivals sold products at a loss on regional markets. The U.S. has proposed anti-dumping duties ranging from 31 percent to 250 percent on Chinese solar manufacturers after the Commerce Department in May ruled they sold products below costs.
The filing highlights tensions with China over aid for wind-power and solar companies, which have grabbed market share from European rivals that once dominated the industry. The increased competition has cut profit margins, cutting solar- panel prices by half last year and tipping more than a dozen companies into bankruptcy.
To contact the reporter on this story: Stefan Nicola in Berlin at email@example.com
To contact the editor responsible for this story: Reed Landberg at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.