September 18, 2017 / 8:27 AM / a year ago

China's Commerce Ministry says EU solar panel decision is a "positive step"

BEIJING (Reuters) - China’s Ministry of Commerce said on Monday that the European Union’s decision to lower the minimum price for imported Chinese solar panels is a “positive step” for market normalization.

Workers walk past solar panels in Jimo, Shandong Province, China, April 21, 2016. China Daily/via REUTERS

The E.U. decided on Sept. 16 to lower the minimum price that Chinese solar panel makers are allowed to sell into Europe, the ministry said in a statement on the its website.

The ministry added that it hopes the E.U. will terminate all anti-dumping and anti-subsidy tariffs against Chinese solar panel imports.

Reporting by Beijing Monitoring Desk; Editing by Christian Schmollinger

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