June 5, 2013 - Yingli Green Energy Holding Company Limited today commented on the imposition of preliminary anti-dumping duties by the European Commission targeting solar products originating in China as well as those shipped from China. As of June 6, Yingli Green Energy's products will be subject to a preliminary duty of 11.8% until August 5. From August 6 until the final ruling in December, the Company's duty will be set at the level of 37.3%, which is the lowest rate among all Chinese photovoltaic manufacturers, unless there is a negotiated solution between China and the European Commission.
Under the current European Commission decision, duties would have to be deposited not only on imports of solar products originating in China but also on imports of solar products originating in other countries but shipped from China. When the anti-dumping investigation was initiated, it was defined to target Chinese-origin solar products only.
"We notice with regret that the European Commission insists on imposing preliminary anti-dumping duties on Chinese solar products despite massive opposition from EU member states," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Punitive tariffs – no matter at what level – will inevitably lead to higher prices for solar products causing at least the stagnation of the solar industry in Europe. We therefore encourage the prompt resumption of talks between China and the European Commission."
"Yingli Green Energy supports a market-based negotiated solution for this situation as proposed by several European leaders. A negotiated settlement will help to alleviate the current market uncertainty, ensuring European consumers' access to affordable green energy and at the same time sustaining local jobs," said Darren Thompson, Managing Director, Yingli Green Energy International AG.