China’s Ministry of Commerce (MOFCOM) announced on March 20th that Head of Bureau of Fair Trade for Imports and Exports disclosed that the EU-China poly anti-dumping and countervailing case has been settled. On March 14th, the representative of Wacker signed the price agreement and sent it back to MOFCOM. Thus, EU-China poly anti-dumping and anti-subsidy case can finally be solved.
Head of Bureau of Fair Trade for Imports and Exports indicated that the Chinese and European industries have been paying close attention to this case. From February 12th to March 14th, the Chinese investigating authority and Wacker went through a month of intensive negotiation. Although there had been many obstacles during the negotiation process, they finally came to an agreement. The Chinese investigating authority allowed Wacker to export polysilicon to China as long as the price is not below what’s stated in the agreement and relevant conditions. The price agreement conforms to China's trade remedy laws and WTO rules, which ensures fair competition in the market environment.
Head of Bureau of Fair Trade for Imports and Exports further pointed out that polysilicon is an important part of PV supply chain. By solving the case properly, it can satisfy the interests of both Chinese/European PV upstream and downstream manufacturers. This is another case that successfully solved by EU and China after going through all the conflicts, discussion, and negotiation. It showed EU/China’s intelligence and ability to handle the trade war.