Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-22-Speech-4-091-000"

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"Mr President, Commissioner, ladies and gentlemen, I have listened very carefully to what has just been said and I must admit that I am worried by the turn of events. Yes, it is clear that China is flooding the European photovoltaic market with cut-price products, taking advantage of our incentive policies. However, what will happen once all our businesses have gone bust, no longer able to cope with this particularly aggressive competition? I will tell you: the Chinese have a particularly aggressive trade policy which involves annihilating all of their competitors through low prices and then, once they have a monopoly, imposing outrageous price hikes. At this rate, in three or four years’ time, we will no longer have any European producers of photovoltaic panels and the prices of the Chinese panels will be at least 50 % higher than those offered by our industries at present. In short, we have everything to lose by failing to react to behaviour like this. I would also like to express my fears, Commissioner, about the reaction of our Chinese friends. No sooner had they learned that the European Commission was going to investigate allegations of subsidy dumping in the photovoltaic sector than they themselves launched an anti-dumping procedure on European silicone, lodging several complaints with the World Trade Organisation (WTO). Should we see this as a form of intimidation? The Chinese investigation will most probably return its results before the Commission, as their legal time limits are shorter, and I join Daniel Caspary and Vincent Jadot in asking the question: what are we going to do if the Chinese authorities conclude that dumping has occurred? At a time when we are thinking about the possible modernisation of our trade defence instruments, I think that this situation is a good illustration of the fact that, whatever else we do, we must not reduce them. To do so would be to weaken the Union."@en1
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