EU imposes levies on Chinese solar panel imports

EU imposes levies on Chinese solar panel imports

PanARMENIAN.Net - The European Commission has announced it is imposing temporary anti-dumping levies on Chinese solar panel imports, BBC News reported.

It comes despite opposition from Germany and other European Union members, and amid fears it could spark a trade war.

The Commission - the EU's executive arm - argues that Chinese firms are unfairly undercutting rivals.

EU trade commissioner Karel De Gucht has said Chinese panels are being sold below cost and damaging competition.

The measures come into force on Thursday, 6 June, in all of the bloc's 27 member states. Initially they will be in force for a trial period.

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