Trina Solar Respomds to US DOC Final Determination of Antidumping and Countervailing Duties
Trina Solar (NYSE: TSL) ("Trina Solar" or the "Company") offers the following statement regarding the final determinations of antidumping and countervailing duties (AD/CVD) by the U.S. Department of Commerce ("DOC") in the AD/CVD investigations on Crystalline Silicon Photovoltaic Cells, Whether or Not Assembled into Modules, from China.
On October 10, 2012, the DOC announced its final determination regarding the duties applicable to these imports. Trina Solar, a producer and exporter of these products to the United States market, received a combined effective net rate of 23.75% (out of a range from 23.75% to 254.66%). This rate is comprised of AD duties of 18.32% and CVD duties of 15.97%, of which an export subsidy of 10.54% is subtracted from the AD duties calculation to avoid double application. Trina Solar has prepared for this potential outcome and continues to abide by its contractual commitments.
The DOC also reaffirmed that the scope of the case would be limited to solar cells and modules manufactured using solar cells produced in China.
Trina Solar continues to actively defend its position before the International Trade Commission ("ITC"), which in November of 2012