Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Merkel Urged to Defuse EU-China Solar Spat in Talks With Li

Don't Miss Out —
Follow us on:

May 24 (Bloomberg) -- German Chancellor Angela Merkel was pressed to use a meeting with Chinese Prime Minister Li Keqiang to defuse a looming European Union trade conflict with China over its solar products.

Merkel, who meets Li on May 26 in Berlin, should speak out against EU import duties that may be imposed on Chinese solar products, the Alliance for Affordable Solar Energy, a Brussels-based lobby group, said today in an e-mailed statement. Merkel should “actively push” for a mutual solution as tariffs would hurt jobs and undermine solar energy growth, the group said.

The EU is poised to penalize imports of Chinese solar products after Solarworld AG, Germany’s biggest panel maker, lodged an anti-dumping complaint with the European Commission. Import tariffs would hurt manufacturers such as China’s Trina Solar Ltd. and raise costs to build power plants in Europe, the world’s largest market for solar products and one largely supplied by Chinese manufacturers.

Europe and China must try to find “amicable and fair” agreements on trade matters that both sides can live with, Merkel’s spokesman Steffen Seibert said today at a regular government press conference in Berlin. Merkel will raise solar and telecom trade issues with Li during his two-day visit to Germany, Seibert said last week.

Solarworld’s complaint and the ensuing EU inquiry that is expected to culminate in preliminary penalties highlight trade tensions with China over solar companies, which have grabbed market share from European rivals that once dominated the industry. Their fast expansion in recent years has led to a glut, gutting margins and tipping dozens of companies into bankruptcy, including Germany’s Q-Cells SE, once the biggest solar cell-maker.

Aside from the German-Chinese talks, the Obama administration has engaged in preliminary talks with the EU and China to settle the solar dispute, according to people familiar with the discussions.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.