Home Featured GCL-SI announces the withdrawal agreement minimum import price EU
GCL-SI announces the withdrawal agreement minimum import price EU

GCL-SI announces the withdrawal agreement minimum import price EU

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System Integration Technology GCL (GCL-SI), (SZ: 002506), a subsidiary of the energy group in the world, GCL, today announced its withdrawal from the price agreement minimum import of the European Union (MIP).

The agreement is the term MIP leading the European Union (EU) to place restrictions on imports of products of solar modules companies China . Under this agreement, which is in agreement with GCL-SI, solar manufacturers China have to sell their solar cells or solar panels at a price above a minimum import price. For these companies do not enter into the agreement, the consequences are some anti-dumping duties (AD) and anti-subsidy (AS). For GCL-SI, labor rates and AS AD were 41.3% and 6.4% respectively.

Shu Hua , CEO of GCL-SI, said: “We have reviewed cautiously the European solar market, discovering that are down the average selling prices of solar modules in major EU markets, and as a result, the current MIP does not reflect the environment current market price. MIP currently hinders Chinese manufacturers competitive with regard to the supply of cleaner for Europe market energy products prices, and thus MIP bogged more labor even while Europe is in a huge demand for clean energy opportunities at this time. So it is really not creating a win-win situation for both sides. “

“We have decided to withdraw from the agreement MIP in order to strengthen the GCL competitiveness and while reaching our goal of providing cleaner energy for Europe market. We believe that our decision will be beneficial for energy, consumers and the environment EU producers “said Shu.

source-prnewswire

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Anand Gupta Editor - EQ Int'l Media Network

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