The European Commission said Saturday it has reached an "amicable solution" with Beijing over imports of Chinese solar panels, a dispute that had threatened a full-blown trade war between two of the world's largest trading powers.
European Union Trade Commissioner Karel De Gucht holds a press conference on provisional findings in the anti-dumping investigation on solar panel imports from China on June 4, 2013 at the EU Headquarters in Brussels. De Gucht said Saturday it has reached an "amicable solution" with Beijing over imports of Chinese solar panels.
"We found an amicable solution in the EU-China solar panels case that will lead to a new market equilibrium at sustainable prices," EU Trade Commissioner Karel De Gucht said in a statement.
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