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Germany Pushes to Settle EU-China Solar Trade Row

May 28, 2013
Source: 
(Christian Science Monitor)

The German and Chinese heads of state called for a truce Sunday on a festering trade row over solar panels.

China is accused of flooding Europe with underpriced photovoltaics that undermine its domestic manufacturers – a problem German Chancellor Angela Merkel says can be resolved with a negotiated settlement instead of punitive tariffs.

The dynamic is playing out elsewhere in the world as China asserts itself as a global leader in photovoltaic manufacturing. The United States, the European Union, and other nations have grappled with how to capitalize on the benefits of cheap Chinese solar panels while still protecting the interests of domestic manufacturers.