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Canadian Solar Opposes Protectionist Tariff, ITC Final Trade Ruling



     Canadian Solar Opposes Protectionist Tariff, ITC Final Trade Ruling

PR Newswire

ONTARIO, Nov. 8, 2012

ONTARIO, Nov. 8, 2012 /PRNewswire-FirstCall/ -- Canadian Solar Inc. (the
"Company" or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest
solar companies with a global supply-chain and manufacturing facilities in
Canada and China, today announced that while it is relieved an end has come to
a lengthy and costly legal suit, they oppose the final ruling of the U.S.
International Trade Commission (ITC) upholding the Department of Commerce's
(DOC) earlier findings that Chinese pricing practices have harmed the American
Industry. The ITC ruling will implement the DOC's antidumping duties (AD)
ranging from 18.32% to 249.96% and countervailing duties (CVD) of 15.24% to
15.97% (depending on the importer of record) on crystalline silicon
photovoltaic cells made in China, whether or not assembled into modules.

The ITC also had to determine whether imports covered by the previous DOC
critical circumstances determinations are likely to undermine seriously the
remedial effect of the AD and CVD orders the DOC will issue.  By a vote of 4
to 2, a majority of the ITC found that critical circumstances do not exist.
 As a result of the ITC's negative determinations regarding critical
circumstances, the AD and CVD orders concerning these imports will not apply
retroactively to goods that entered the United States prior to the date of
publication in the Federal Register of the DOC's affirmative preliminary
determinations.

"As a global company serving customers in 50 countries, Canadian Solar has
consistently adhered to fair trading practices around the world," said Dr.
Shawn Qu, chairman and chief executive officer of Canadian Solar. "U.S.
exports to China have increased almost 400 percent in the last eight years,
and according to the National Solar Jobs Census 2012, the solar industry
employs nearly 120,000 Americans across 50 states, reflecting a 13.2 percent
increase from 2011. China and the United States are major trade partners and
our interests are interwoven. Earlier protectionist tariffs indicate this
action simply displaces sales to alternate foreign exporters and is expected
to cost U.S. jobs. The tariff is counterproductive to resolving issues on both
sides, and we'd like to see both governments engage in discussions to find
workable solutions."

Canadian Solar disagrees with the ITC final determination and maintains its
position that the Company practices fair trade according to the Trade Act. As
a result of this ruling, the Company will leverage its long-term cell supply
partners located outside of China to continue to serve the growing demands
from its U.S. customers. Canadian Solar is a fiscally strong company dedicated
to delivering high quality solar solutions to its customers around the world
and will remain actively engaged in the pursuit to reduce the price of solar
modules to enable more families and businesses access to affordable solar
energy reducing our consumption of fossil fuels and increasing our energy
independence."

About Canadian Solar

Canadian Solar Inc. (NASDAQ: CSIQ) is one of the world's largest solar
companies. As a leading vertically integrated provider of ingots, wafers,
solar cells, solar modules and other solar applications, Canadian Solar
designs, manufactures and delivers solar products and solar system solutions
for on-grid and off-grid use to customers worldwide. With operations in North
America, Europe, Africa, Australia, Asia and Africa, Canadian Solar provides
premium quality, cost-effective and environmentally-friendly solar solutions
to support global, sustainable development. For more information, please visit
www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release are forward-looking statements that
involve a number of risks and uncertainties that could cause actual results to
differ materially. These statements are made under the "Safe Harbor"
provisions of the U.S. Private Securities Litigation Reform Act of 1995. In
some cases, you can identify forward-looking statements by such terms as
"believes," "expects," "anticipates," "intends," "estimates," the negative of
these terms, or other comparable terminology. Factors that could cause actual
results to differ include the risks regarding the previously disclosed SEC
investigation as well as general business and economic conditions and the
state of the solar industry; governmental support for the deployment of solar
power; future available supplies of high-purity silicon; demand for end-use
products by consumers and inventory levels of such products in the supply
chain; changes in demand from significant customers; changes in demand from
major markets such as Germany; changes in customer order patterns; changes in
product mix; capacity utilization; level of competition; pricing pressure and
declines in average selling prices; delays in new product introduction;
continued success in technological innovations and delivery of products with
the features customers demand; shortage in supply of materials or capacity
requirements; availability of financing; exchange rate fluctuations;
litigation and other risks as described in the Company's SEC filings,
including its annual report on Form 20-F filed on April 27, 2012. Although the
Company believes that the expectations reflected in the forward looking
statements are reasonable, it cannot guarantee future results, level of
activity, performance, or achievements. You should not place undue reliance on
these forward-looking statements. All information provided in this press
release is as of today's date, unless otherwise stated, and Canadian Solar
undertakes no duty to update such information, except as required under
applicable law.

SOURCE Canadian Solar Inc.

Website: http://www.canadiansolar.com
Contact: Investor Contacts - Ed Job, CFA, Director, Investor Relations of
Canadian Solar Inc., ir@canadiansolar.com; or David Pasquale of Global IR
Partners, +1-914-337-8801, or csiq@globalirpartners.com; or Media Contacts -
Jill Hansen of Canadian Solar Inc., +1-925-866-2700, or
jill.hansen@na.canadiansolar.com; or Jill Reed of Schwartz MSL,
+1-415-817-2500, or canadiansolar@schwartzmsl.com
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