EU nations approve pact with China on solar-panel imports

EUROPEAN Union countries approved a deal with China to curb imports of Chinese solar panels, bringing to an end the EU’s biggest trade dispute of its kind.

EU governments endorsed an agreement struck by their trade chief and China in July that sets a minimum price and a volume limit on European imports of Chinese solar panels until the end of 2015. Participating Chinese manufacturers will be spared EU tariffs meant to counter alleged below-cost sales, a practice known as dumping, and subsidies. Read more