EU Needs to Drop Duties on Solar Panels
July 7, 2016 Taxation in EU
BELGIUM – The EU needs to drop the punitive taxes and trade barriers, in order to support the Union’s flagging solar power sector.
On July 5th SolarPower Europe, a European association representing business involved in the solar power industry, published a letter sent to the European Commissioner for Trade, Cecilia Malmstrom, calling for an end to trade barriers against solar PV systems manufactured in China.
Since December 2013 the EU has enforced strict anti-dumping rules, countervailing duties, minimum import prices, and annual quota levels on selected solar power equipment manufactured in China.
The measures were originally intended to protect the EU market, however, according to SolarPower Europe, the measures have increased prices of solar power along the entire value chain.
In the letter it was also claimed that “…a SolarPower Europe study demonstrated that European module manufacturing capacity has reduced by almost 20% between 2014 and 2015. Therefore, the measures have been a blunt instrument and have not stimulated growth in European module manufacturing.”
Currently the European Commission is conducting a review of the duties applied to PV imports from China, however, the results of the study are not due to be released until March 7th 2017.
Photo By: Wayne National Forest