"The WTO's ruling today is in alignment with the opinion of Canadian Solar as well as other organizations which represent the majority of the PV industry."
GUELPH, Ontario, July 16, 2014 -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today released this statement on behalf of Thomas Koerner, General Manager of the Company's America's division, in response to the World Trade Organizations ("WTO's") ruling against the United States' imposition of import duties against certain photovoltaic products.
"The WTO's ruling today is in alignment with the opinion of Canadian Solar as well as other organizations which represent the majority of the PV industry. The imposition of countervailing and potential anti-dumping duties is not only disruptive to a fair trade business environment but also damaging to an industry which seeks to support the United States' commitment to renewable energy deployment and sustainable development," said Thomas Koerner, President of Canadian Solar, Americas.
"We urge the Government of the United States to reevaluate its preliminary determination of countervailing duties and the misguided trade dispute at large, in order to uphold the universal values of free trade and competiveness which have fostered the environment in which we've witnessed consistent growth, year after year," he added.
"As a Canadian company, we look forward to maintaining and conducting 'business as usual' in the United States market, as we continue to further support and supply a growing US customer base," said Koerner.
About Canadian Solar Inc.
Founded in 2001 in Ontario, Canada, Canadian Solar is one of the world's largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions, Canadian Solar has an industry leading and geographically diversified pipeline of utility-scale solar power projects as well as a track record of successful solar deployment boasting over 7 GW of premium quality modules installed in over 70 countries during the past decade. Canadian Solar is committed to providing high-quality solar products and solar energy solutions to customers around the world. For more information about our company, products and projects please visit www.canadiansolar.com.