Solar industry slams 10% duty on solar panels

  • 📰 ITWeb
  • ⏱ Reading Time:
  • 36 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 42%
  • Publisher: 51%

Solar Noticias

International Trade Administration Commission,ITAC,Thomas Bergenthuin

The industry believes the duty will see costs being passed on to the already financially-constrained South African consumer.

Solar panels will now incur a 10% import tax, in an effort to prioritise supporting the local market.

However, the industry believes the move will see costs being passed on to the already financially-constrained South African consumer. Theoretically, he says, duties are normally imposed to protect the local industry, but in South Africa’s case, the local industry is extremely small and unlikely to ever be competitive with the likes of China.

Dr Rethabile Melamu, CEO of the industry body, believes the immediate implication is likely that a 10% price increase will be passed on to consumers to cover any potential problems or delays in importers utilising the rebate mechanism. Melamu explains that SAPVIA is only aware of three operational module assembly facilities in South Africa.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 45. in ES
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Trade watchdog imposes 10% duty on solar panel imports to ‘protect local industry’MacKay believes the 25% local content requirement on solar panels supplied in the Reippp is already a strong protectionist measure.
Fuente: TheCitizen_News - 🏆 6. / 75 Leer más »