Trade update: New MIP enters into force
By: Kristina Thoring, Senior Political Communications Advisor
On 7 September, in a meeting of the EU Member States trade experts, the European Commission proposal to replace the price undertaking with a new Minimum Import Price (MIP) on solar panels and cells was opposed by 13 Member States and actively supported by only 1 Member State.
The remaining 14 Member States simply abstained. In this situation, the European Commission was free to adopt the proposal, as a simple majority of the Members did not oppose. Just days before the vote, the Commission proposal had been lowered by 2 cents for the starting point and by 3 cents for the ending point in 2018, to reflect the serious concerns expressed by the industry to the original higher MIP.
The new MIP is a variable duty ad valorem system and will decrease each quarter at a set price for each product type; mono and multi-crystalline cells and modules. The MIP entered into force on 1st October 2017 and is due to expire on 3rd September 2018. The MIP mechanism only apply to those companies that are listed in the annex to the Regulation.
SolarPower Europe offers an exclusive MIP mailing service for our members. Our trade mailings contain real time information and analysis on the developments of the solar trade case. Contact email@example.com to register.
On 19th July, the European Commission set out a proposal for a new Minimum Import Price (MIP) mechanism for controlling the price of solar panels and cells imported to the European Union from China. This followed the European Commission's announced interim review into the price mechanism on 3 March 2017.