Taipei, Friday, August 1, 2014 05:58 (GMT+8)
partly cloudy
Taipei
29°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
  • Taiwan IC suppliers to benefit as Samsung steps up purchases of IC parts

    Bits + chips | 7h 50min ago

  • MediaTek hikes 4G smartphone solution shipment target for 2014

    Bits + chips | 7h 51min ago

  • Digitimes Research: Promotion of HEMS appliances in Japan faces problems

    Green energy | 9h 44min ago

  • Young Optics nets NT$54 million for 1H14

    Before Going to Press | 9h 2min ago

  • China market: Gome to start price-cuts to promote LCD TVs in August, says report

    Before Going to Press | 9h 6min ago

  • Teco to exhibit cloud-based smart home appliances at TAIROS

    Before Going to Press | 9h 21min ago

  • Samsung reports decreased handset and tablet shipments for 2Q14

    Before Going to Press | 9h 23min ago

  • PCB/LCD equipment supplier Asia Neo Tech to debut on OTC market

    Before Going to Press | 9h 48min ago

  • Nearly 50 firms stepping into 3D printing, says ITRI

    Before Going to Press | 9h 59min ago

  • Radiant Opto-Electronics nets NT$3.07 per share for 1H14

    Before Going to Press | 10h 1min ago

  • Taiwan market: WD launches NAS HDDs

    Before Going to Press | 10h 1min ago

  • Russia market: Smartphone competition heating up

    Before Going to Press | 10h 2min ago

  • Taiwan panel makers plan to cooperate with China TV vendors to tap international market

    Before Going to Press | 10h 2min ago

  • UMC to ramp 28nm wafer capacity

    Before Going to Press | 10h 3min ago

  • Wintek becomes major touch panel supplier for Xiaomi

    Before Going to Press | 10h 4min ago

  • HTC swings to profitability in 2Q14

    Before Going to Press | 10h 5min ago

Pause
 | 
View more
Analysis of China revised domestic semiconductor industry goals
Greater China touch panel shipment forecast through 2015
  • 2014 global high brightness LED market, trends and shipment forecast

    For the global LED lighting market, the market size will reach US$25.82 billion in 2014 or a market penetration rate of 23.4%. This is attributable to exponential shipment growth for light bulbs, tubes, and directional lamps.

  • Greater China touch panel shipment forecast through 2015

    This Special Report provides forecasts through 2015 for Greater China touch panel shipments with breakdowns based on technology (glass, film, resistive), application (smartphone, NB and tablet) and by firm.

  • 2014 global tablet demand forecast

    This report analyzes the main players, their strategies and shipments forecasts for 2014, as well as other factors contributing to either growth or decline in various segments within the tablet market, with a particular focus on Apple, Google, Samsung, and Microsoft, along with whitebox vendors.