BREXIT Information: Affects on Imports, Exports & Taxation
19 January 2021
With the participation of the Customs Department and Taxation Department Following the urgent informative Webinar...
Brussels announced yesterday that it would impose the
levies after an investigation found that photovoltaic technology from China was
being sold for less than its fair value. EU trade commissioner Karel De Gucht said the price of
Chinese solar products should be 88 per cent higher than current levels, but
Beijing insists that the EU's imposition of levies on the country's solar
exports is "unfair".
The Washington Post reports De Gucht as saying that
China's pricing of solar products could destroy photovoltaic production in the
EU, warning, "20,000 jobs in Europe are at stake".
According to the paper, the Chinese ministry of
commerce has openly rejected the EU measures and expressed hope that a
settlement can be reached through consultations.
The Wall Street Journal says a spokesperson for the
Chinese commerce ministry underlined the importance of trade relations between
China and the EU, but simultaneously announced an investigation into EU wine
"Wine imports from the EU enter our market via
dumping, subsidies and other unfair trade practices, and have hit our wine
production," said the spokesperson.
China's wine market has increased significantly in the
last few years, with two thirds of Beijing's 430 million litres of imported
wine in 2012 coming from EU suppliers.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).