SEIA: Future Unclear Despite WTO Ruling in China Solar Trade Case - AZTV7/Cable 13, Me-TV 7.2, HSN 7.3, Phoenix-Prescott, AZ

SEIA: Future Unclear Despite WTO Ruling in China Solar Trade Case

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In a significant ruling handed down today, a panel of judges at the World Trade Organization (WTO) accused the United States of violating global trade rules when it imposed punitive import duties in 2012 on many Chinese products, including solar panels. After the decision was announced, Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), issued the following statement:

WASHINGTON, D.C. (PRWEB) July 14, 2014

In a significant ruling handed down today for case DS436, a panel of judges at the World Trade Organization (WTO) accused the United States of violating global trade rules when it imposed punitive import duties in 2012 on many Chinese products, including solar panels. After the decision was announced, Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), issued the following statement:

We are continuing to follow developments closely, but todays WTO decision is not expected to impact either the 2012 U.S. solar countervailing duty (CVD) order against China or any new CVD tied to the ongoing investigation until 2016, at the earliest. Its also important to remember that this decision is subject to an appeals process, which could take approximately 120 days. Assuming the decision is upheld on appeal, the United States would then have approximately one year to implement the decision. But even then, its not clear whether the decision will result in any substantive modification of a solar CVD order against China.

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About SEIA:

Celebrating its 40th anniversary in 2014, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry. Through advocacy and education, SEIA® is building a strong solar industry to power America. As the voice of the industry, SEIA works with its 1,000 member companies to champion the use of clean, affordable solar in America by expanding markets, removing market barriers, strengthening the industry and educating the public on the benefits of solar energy. Visit SEIA online at http://www.seia.org.

For the original version on PRWeb visit: http://www.prweb.com/releases/2014/07/prweb12017594.htm

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