Ministry of Commerce: Properly solving the polysilicon case is in the common interest of China and the EU

The Ministry of Commerce website reported on March 20th that on March 14th, representatives of Wacker Chemie AG of Germany signed and submitted a price commitment letter to the China Trade Remedy Investigation Agency, the Ministry of Commerce, Import and Export Fair Trade Bureau. Anti-dumping and countervailing cases were properly resolved.

In response, the head of the Bureau of Import and Export Fair Trade of the Ministry of Commerce said in a statement that the case was highly concerned by the Chinese and European industry. From February 12 to March 14, the Chinese investigation agency and WACKER conducted a month. Intensive consultations, despite many difficulties encountered during the negotiation process, ultimately, the two sides made unremitting efforts to reach an agreement on the market price. The Chinese investigation authorities accepted WACKER's export of polysilicon to China at no less than the promised price and related conditions. The price commitment is in line with China's trade remedy laws and WTO rules, ensuring a fair competitive market environment.

The person in charge pointed out that polysilicon is an integral part of the photovoltaic industry chain, and properly solving the polysilicon case is in line with the common interests of the upstream and downstream industries of China and Europe. This is another successful case of Sino-European trade disputes through negotiation and negotiation after the friction of PV products trade. It shows once again that China and the EU have the wisdom and ability to control bilateral trade frictions.

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