EU pursues probe of Chinese solar subsidies


Save Story
Leer en espaƱol

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

BRUSSELS (AP) - The European Union is pressing ahead with an investigation of whether China unfairly helps its solar panel makers with government subsidies.

The European Commission, the 28-nation bloc's executive arm, had only days ago agreed to a settlement over China's alleged practice of selling its panels below cost, a practice known as dumping. But complaints over Beijing's alleged state subsidies were never settled.

In this ongoing probe, the EU said Wednesday it will determine by the end of the year whether punitive anti-subsidy duties are required.

Both complaints, of dumping and state aid, were filed by Europe's solar industry, which is suffering in the face of falling prices and global production overcapacity.

China in 2011 exported solar panels and related products worth 21 billion euros to the EU.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Most recent Business stories

Related topics

Business

STAY IN THE KNOW

Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

KSL Weather Forecast