MOFCOM Comments on Reaching Price Commitment on Anti-dumping and Countervailing Investigations Against the EU Polysilicon

Date : 2014-03-25  | From : MOFCOM

On March 14, Wacker Chemie AG of Germany submitted a price commitment to the Bureau of Fair Trade for Imports and Exports of MOFCOM, China’s trade remedy investigation authority, thus the anti-dumping and countervailing investigations against the EU polysilicon have been properly addressed.

Head of Bureau of Fair Trade for Imports and Exports of MOFCOM made a comment that the polysilicon industries of both China and the EU have attached great importance to the investigation, and the Chinese investigation authority had carried out intensive consultations with Wacker from February 12 to March 14, and with the efforts of the two parties, agreement was finally reached on the basis of market prices despite a lot of difficulties, and the Chinese investigation authority approved Wacker to export polysilicon to China with the promised prices and conditions. The price commitment is in line with Chinese laws on trade remedy and WTO rules, and will ensure fair competition in the market.

The Head said that the polysilicon is part of photovoltaic industry chain, and to properly address the disputes is in line with the common interests of both the upstream and downstream photovoltaic industries of China and the EU. It is another successful case that China and the EU solved trade frictions through negotiations and consultations after the China-EU photovoltaic disputes, showing once again that China and the EU have the wisdom and ability to address bilateral trade frictions.