The European Commission approved August 2 a settlement for the European Union antidumping duty case against Chinese solar panel companies. The settlement means Chinese companies will not have to pay the 47.6 percent duty beginning August 6 if they are participating in the agreement; in exchange, 70 percent of the EU solar panel market will be awarded to Chinese exporters at a set price. While most member states support the deal, France, Italy, and Spain expressed concerns that the agreement will set a bad precedent.