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Yingli comments on U.S. Department of Commerce's preliminary decision on Anti-Subsidy tariffs

Baoding, China - Yingli Green Energy Holding Company Limited commented on the preliminary countervailing duty ("CVD") tariff decision by the U.S. Department of Commerce regarding the import of certain PV solar products assembled in China using components from a third country.

According to the decision, Yingli Green Energy will be considered part of the Separate Rates Group and will be subject to a preliminary anti-subsidy tariff of 26.89% on certain PV solar module imports.

"Today's decision will unfortunately make solar power more expensive for American consumers, and diminish opportunities for tens of thousands of U.S. solar jobs that we have helped to create. We will continue to fight this petition and defend ourselves, alongside the majority of the U.S. solar industry," said Robert Petrina, Managing Director of Yingli Green Energy Americas, Inc., the Company's operating subsidiary in the U.S. "We have fully cooperated throughout this investigation and have prepared ourselves for today's outcome, given the highly politicized nature of this case. We remain dedicated to the U.S. solar market and will continue to support our customers and projects."

Today's preliminary decision on the anti-subsidy side will be followed by another preliminary decision for anti-dumping, scheduled for July 24th, 2014. No final tariff decisions will be made until the International Trade Commission completes its investigation as well, which is scheduled to occur before the end of 2014.

"As we have witnessed globally now, tariffs are not the answer to driving affordable solar energy," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We support international trade and fair competition and hope that those will prevail at the end of this dispute."



Source: IWR Online, 04 Jun 2014

 


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