Taipei, Thursday, February 23, 2017 10:49 (GMT+8)
showers
Taipei
16°C
Solar trade dispute spreads to wine industry; gets personal
Jackie Chang, DIGITIMES, Taipei [Friday 7 June 2013]

In retaliation for Europe setting a punitive tariff (11.8%) on China-made solar panels, China announced on June 5 plans to start an anti-dumping and anti-subsidy investigation against Europe-made wine imports. According to Reuters, this is aimed at hurting the wine industries in countries such as France and Italy, which both backed the decision to levy the punitive tariffs on China-made solar products. Germany, which openly opposed the tariff, will be relatively spared from the possible negative effects of the investigation.

According to the same report, China is now the biggest importer of wines from Bordeaux, France, and consumption shot up 110% in 2011 alone. The report added that EU wine exports to China (excluding Hong Kong) reached 257.3 million liters in 2012, equivalent to approximately US$1 billion. In addition, more than 139.5 million liters (above 50%), were from France.

France's trade ministry noted that Beijing should not start a trade war in an unrelated area, according to the report.

A report from The New York Times stated that China's retaliation using wine imports from Europe is quite smart. In addition, this move may hurt the EU's trade commissioner, Karen De Gucht, because "he owns a 50% stake in a wine-producing estate in the Tuscany region of Italy."

De Gucht's spokesperson said the EU trade chief owned shares in the property before taking the job, and the property does not export products to China.

The report disclosed that the EU exported around US$980.7 million worth of wine to China in 2012 but China's solar exports to Europe reached US$27 billion in 2011.

Nut the anti-dumping and anti-subsidy investigation on Europe-made wine may hurt consumers in China, not just drinkers, but investors too. The report noted that in recent years, China-based firms bought more than three dozen chateaus in Bordeaux due to the rapidly expanding wine market in China.

Currently, the EU has 31 open trade investigations, and 18 of them involve China, according to Reuters.

Categories: Green energy Solar

Tags: China Europe solar panel

Topics: Page 2

Realtime news
  • North American semiconductor equipment industry posts US$1.86 billion in January billings

    Bits + chips | 11min ago

  • Globalfoundries announces availability of 45nm RF SOI to advance 5G mobile communications

    Bits + chips | 18min ago

  • MediaTek-Richtek deal probed for possible insider trading

    Bits + chips | 24min ago

  • UMC to pay NT$0.50 cash dividend for 2016

    Bits + chips - Stockwatch | 25min ago

  • PTI to deal out cash dividend of NT$4 for 2016

    Bits + chips | 1h 2min ago

  • Diode maker Eris to hand out NT$3.46 in dividends for 2016

    Bits + chips - Newswatch | Feb 22, 21:36

  • Epistar to produce VCSELs

    LED | Feb 22, 21:34

  • Memory module maker Apacer to hand out cash dividend of NT$2.40 for 2016

    Bits + chips - Newswatch | Feb 22, 21:30

  • Toshiba to begin mass production of 64-layer, 512-gigabit 3D flash in 2H17

    Bits + chips | Feb 22, 18:19

  • Pegatron subsidiary acquires equipment for plants in China

    Before Going to Press | Feb 22, 21:35

  • MediaTek gross margin unlikely to rebound

    Before Going to Press | Feb 22, 21:18

  • Industrial robot makers expanding capacity for upcoming competition

    Before Going to Press | Feb 22, 21:16

  • AMD to release Ryzen in March with initial shipments to top 1 million

    Before Going to Press | Feb 22, 21:14

  • Diode maker Eris to hand out NT$3.46 in dividends for 2016

    Before Going to Press | Feb 22, 21:10

  • Transition to 18-inch wafers unlikely to happen over next 3 years, says Applied

    Before Going to Press | Feb 22, 21:09

  • MediaTek-Richtek deal probed for possible insider trading

    Before Going to Press | Feb 22, 21:08

  • Elan expects to post 6-9% decrease in 1Q17 revenues

    Before Going to Press | Feb 22, 21:06

  • WPG expects sales to recover starting 2Q17

    Before Going to Press | Feb 22, 21:06

Pause
 | 
View more
Global notebook shipment forecast, 2017 and beyond
Intel strategies in the mobile device market
The transition to 4k TV - UHD TV market forecast, 2014-2017
  • Wireless broadband developments in Southeast Asia markets

    As of 2013, the 10 ASEAN nations had a total of over 700 million mobile subscriptions, with the CAGR from 2003-2013 reaching 24%. This Digitimes Research Special Report analyzes the various mobile broadband markets in ASEAN and looks at the respective trends in 4G LTE development for those markets.

  • 2015 global tablet demand forecast

    This Digitimes Research Special Report provides a 2015 forecast for the global tablet market and analyzes the strategies of key market players such as Google, Apple, Intel, and Microsoft.

  • 2015 China smartphone panel trend forecast

    This Digitimes Research Special Report analyzes the strategies of key China-based major panel makers BOE, Tianma and IVO for attacking the different market segments through technology and pricing, and their relationship to local vendors Huawei, Lenovo, ZTE, Xiaomi and Coolpad.