UpdateUS sets final antidumping duties on China solar imports

11 October 2012 07:37  [Source: ICIS news]

(adds comments from Trina Solar, Suntech Power)

SINGAPORE (ICIS)--The US has set final anti-dumping duties on imports of Chinese solar cell products ranging from 18.32% to 249.96%, the country's Department of Commerce said late on Wednesday.

It has also set final countervailing duties at a range of 14.78% to 15.97% for Chinese producers/exporters of the products, it said in a statement.

Suntech Power Co is hit with a final anti-dumping duty (ADD) of 31.73%, while Trina Solar Energy Co is being meted out with a final dumping duty of 18.32%.

An anti-dumping duty of 25.96% will apply to 59 other solar cell product exporters from China, while all the others will be slapped with the maximum anti-dumping rate of 249.96%.

In 2011, US imported an estimated $3.1bn worth of Chinese solar cells, according to the statement. Import values of the solar cell products from China had a near-fivefold increase since 2009.

China’s solar products maker Trina Solar said it has prepared for imposition of ADDs by the US and will continue to abide by the firm’s contractual commitments.

"While we disagree with the Department of Commerce's conclusions in this case, we will abide by their decision and look forward to the ITC's final ruling on this issue in November," Trina Solar chairman and CEO Jifan Gao said in a statement.

Trina Solar said it “continues to actively defend its position before the ITC”.

The US International Trade Commission (ITC) is scheduled to make its final determination in November whether US' imports of China's solar cell products "materially injure" or "threaten material injury to" the domestic industry, according to the US Commerce Department.

Suntech Power, in a separate statement, said the US ADDs will make solar power “less competitive against other forms of electricity generation”.

“These ill-conceived taxes on solar products were the outcome of an unrealistic analysis that compared, for example, Suntech's costs of production to the theoretical costs of production in Thailand, a country with less than 100MW [megawatts] of PV [photovoltaic] production capacity,” it said.

($1 = €0.78)

Initial reporting by Felicia Loo

By: Nurluqman Suratman

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