Friday, October 21, 2011
Chinese solar manufacturers say that SolarWorld's U.S. trade complaint is one-sided.
Suntech Power Holdings Co., the world’s largest solar panel manufacturer, and Yingli Green Energy Holding Co. denied engaging in unfair trade practices, without addressing assertions that they sell products below cost. They said they hold themselves to “fair international trade practices” and are “confident in their positions,” in statements responding to the complaint by SolarWorld Industries Americas Inc.
SolarWorld’s U.S. unit and six other panel manufacturers filed a complaint Oct. 19 with the International Trade Commission seeking to slap duties on more than $1 billion of Chinese imports. The companies alleged unfair state aid that undercuts competition. The Chinese Commerce Ministry said the claim was regretful.
“We would like to remind everyone that such petitions obviously present only the views of one side, and only a partial view of a very complicated story,” Baoding-based Yingli said today in a statement.
“Anyone can file one of these actions; having filed an action is in no way a validation from the U.S. government as to the merits of the action,” Wuxi-based Suntech said yesterday.
If Chinese solar manufacturers are no longer able to export to the U.S. because of the duties, there will be significant impacts on U.S. manufacturing equipment and raw material manufacturers, resulting in a “lose-lose” situation, the Commerce Ministry said today today in a statement.
Read more from Bloomberg.