Trade Resources Market View The Department Imposed Anti-Subsidy Duties of Between 2.9-4.7% on China Solar Products

The Department Imposed Anti-Subsidy Duties of Between 2.9-4.7% on China Solar Products

SolarWorld welcomes decision on anti-dumping duties on solar products from China Press release,May 25;Jackie Chang,DIGITIMES[Friday 25 May 2012]SolarWorld AG,a Germany-based solar firm that has branch offices in the US,welcomes the preliminary decision of the US Department of Commerce to impose anti-dumping duties on solar products imported from China as another important step in the direction of re-establishing fair competition.Depending on the brand,the anti-dumping duties range between 31.14-249.96%.In March,the department imposed anti-subsidy duties of between 2.9-4.7%on China-based solar products.These two types of duties are additive.

With these decisions,the Department of Commerce gives preliminary approval of petition by the US subsidiary of the German solar group SolarWorld AG against China-based export subsidies and dumping prices.The duties apply to crystalline silicon cells and panels from China.The final judgment on the anti-subsidy and anti-dumping duties is expected to be handed down on October 1,2012.Until then,the Department of Commerce will more deeply examine questionable subsidies and dumping prices.

"The decision by the US Department of Commerce encourages the firm to believe that the market can return to fair competition.It is also a signal for Europe,where comparable measures need to take effect.The illegal China-based trade practices destroy the solar market and jeopardize many jobs,"explained Frank Asbeck,CEO of SolarWorld AG.

Source: http://www.digitimes.com/news/a20120525PR201.html
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Solarworld Welcomes Decision on Anti-Dumping Duties on Solar Products From China
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