INDIA INITIATES DUMPING PROBE INTO CHINESE SOLAR IMPORTS

solar


India opened a probe into whether Chinese solar-equipment makers are hurting its domestic industry by dumping inventories and driving down prices to unfair levels.
“A causal link between the said dumping and injury exists to justify an initiation of an anti-dumping investigation,” according to a notification published on the website of the Directorate General of Anti-Dumping and Allied Duties. The probe will also include solar cells originating in or shipped from Taiwan and Malaysia.
Indian officials are the latest to join a growing list of countries targeting Chinese solar manufacturers. The U.S., the European Union extended anti-dumping duties on imports earlier this year. Turkey published a list of anti-dumping fees for Chinese photovoltaic imports in April.
China said India should conduct its anti-dumping probe strictly adhering to rules and avoid abuse of trade-remedy measures, according to a statement on the microblog of its Ministry of Commerce. It offered to solve problems in trade through cooperation.
 India’s probe and China’s response come in the shadow of elevated border tensions between the Asian neighbors over territory in a remote area of the Himalayas, one of the most serious flareups since a border war in 1962. Those tensions come against the backdrop of a tussle for influence in the region.
China is the world’s biggest solar manufacturer and India is its second-biggestmarket, with imports worth $3.2 billion for the financial year ending March 31, according to research by Bloomberg New Energy Finance.
SOURCE: wwwrenewableenergyworld.com

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