Trina Solar Withdraws From EU Price Undertaking - Quick Facts

(RTTNews) - Trina Solar Limited (TSL) announced its withdrawal from the European Union Price Undertaking. The company said it will continue to service EU customers through its overseas manufacturing facilities.

Jifan Gao, Chairman and CEO of Trina Solar, said: "We believe the current iteration of the Price Undertaking agreement misinterprets the rules and scope of the original Price Undertaking, and adversely affects the execution of our global expansion strategy. In particular, the prohibition of manufacturing modules in overseas facilities, regardless of whether the modules will be sold to the EU or to non-EU markets is an obvious misapplication to the UT agreement."