Yingli Green Energy Responds to EU Anti-Dumping Regulations
Yingli Green Energy (NYSE: YGE) today provided a statement with regards to the European Union's recent announcements to impose definitive anti-dumping and anti-subsidy duties and to confirm the acceptance of the price undertakings effective from August 6th, 2013.
On December 5th, 2013, the EU published regulations imposing definitive anti-dumping and anti-subsidy duties. The EU Commission decision confirming the acceptance of the price undertakings entered into effect on Friday, December 6th for a period of two years, ending on December 6th, 2015. The duties are imposed without retroactive effect but the provisional anti-dumping duties of 11.8% (starting from June 6th, 2013 to August 5th, 2013) will be collected.
A copy of the regulations and the EU Commission decision is available here.
"As the Company has participated in the price undertakings and fully complies with its regulations, Yingli Solar modules will be exempt from duties. We are confident in Europe's gradual transition to a sustainable market and expect solar PV to continue playing a material role in supporting the EU's policy targets," said Mr.