German polysilicon manufacturer Wacker has confirmed that it will not be impacted by the latest tightening of trade rules by China.
Duties on polysilicon from Korea, the US and the EU were announced earlier in the year. However, Wacker secured a minimum price agreement with the government to give it immunity from those punitive tariffs.
Last week, Beijing announced it would close a loophole that waived trade duties on materials that were destined to be used in products that would ultimately be exported from China.
In a statement to PV Tech the company confirmed it would not be affected.
“[The ministry’s] recent decision to halt import tax exemptions for polysilicon dedicated for re-export from 1 September 2014 does therefore not pertain to our business,” a spokesman said.
Polysilicon industry analyst Johannes Bernreuter told PV Tech the company had used the so-called trade processing rules in the past but that its new agreement with Beijing superseded any need to use the loophole.