The paths of these two stars have intersected on several occasions due to their association with the luxury brand Bulgari
entertainment4 hours ago
The European Union will end restrictions on the sale of solar panels from China early this week in a move that EU producers said would lead to a flood of cheap imports.
The European Commission, which coordinates EU trade policy, said in a statement that the measures would expire at midnight on Monday, September 3, confirming a Reuters report on August 24.
The EU first imposed anti-dumping and anti-subsidy measures for Chinese solar panels, wafers and cells in 2013 and extended them by 18 months in March last year, signalling that they should then end.
Chinese manufacturers have been allowed to sell solar products in Europe free of duties if they do so at or above a progressively declining minimum price. If sold for less than that price, they are subject to duties of up to 64.9 per cent.
The commission said it was in the best interests of the EU as a whole for the measures to lapse, given the bloc's aim of increasing its supply of renewable energy. The measures had also decreased over time, allowing import prices to align with world market prices, it said.
China's commerce ministry welcomed the end of restrictions, describing the move as a "model for successfully resolving trade frictions through consultations". The move "will restore EU-China trade of photovoltaics to a normal market condition, will provide a more stable and predictable business environment for cooperation between the two sides' industries, and will truly realise mutual benefit for both sides," the ministry said in a statement on its website.
SolarPower Europe, which represents importers and installers, described the move as a "watershed moment" for Europe's solar industry and that it removes the biggest barrier to growth of the sector.
The European Union has faced a delicate balancing act between the interests of EU manufacturers and those such as importers and installers pressing for a reduction in the cost of solar power generation.
It has also been concerned about the response from Beijing, given that the two sides were on the verge of a trade war over the issue in 2013.
EU ProSun, the grouping of EU producers that launched the initial complaint in 2012 and wanted a further extension of measures, had said that European manufacturers would be devastated if the measures ended.
Beijing's decision to limit installations in China meant producers there had some 30 gigawatts of excess capacity to shift but with few markets to sell into after tariffs imposed by the United States and planned by India, the second and third-largest markets behind China. The total EU market is about 7 gigawatts.
Some companies were considering a legal challenge at the European Court of Justice. EU ProSun said, adding that years of falling prices had not resulted in growth of the European market.
The paths of these two stars have intersected on several occasions due to their association with the luxury brand Bulgari
entertainment4 hours ago
The students' demands range from a ceasefire in Israel's war with Hamas to calls for universities to stop investing in Israeli enterprises
world4 hours ago
Despite Kohli's flowing form ahead of the T20 World Cup in June, pundits have raised concerns over his strike-rate
cricket4 hours ago
Saudi Arabia has begun to explore extracting lithium from sea water
business5 hours ago
Speaking after meeting Lebanese leaders, French foreign minister says there had been "a lot of progress" over the French proposals
mena5 hours ago
The three-shot winner from Japan says he is aiming to become a member of the PGA Tour in the future
sports5 hours ago
Big-hitting Nienaber falters at the finish to settle for secondwhile former Abu Dhabi resident David Horsey takes the third spot at Saadiyat Beach Golf Club
sports5 hours ago
The UAE is India's second-largest export destination after the US
economy6 hours ago