natgillin/translations-raw huggingface dataset:
It is not an appropriate benchmark for lending for PV companies under the circumstances in this investigation specially bearing in mind that it is explained above that the benchmark should be for companies with a BB rating, whereas banks typically have much better ratings if they want to access interbank lending.
Zaradi izkrivljanja trga, opisanega v uvodnih izjavah 225 in 226 zgoraj, ustreznosti nadomestila za finančne storitve (v tem primeru zagotavljanje kreditnih linij) ni bilo mogoče določiti glede na prevladujoče tržne pogoje v LRK.
This party also commented that the Commission had not made a deduction in the benefit for the few loans granted in excess of the calculated benchmark.
Zato se v skladu s členom 6(d)(ii) osnovne uredbe ugodnost za prejemnike obravnava kot razlika med zneskom, ki ga družba plača za zagotavljanje kreditne linije s strani kitajskih bank, in zneskom, ki bi ga družba plačala za primerljivo poslovno kreditno linijo, ki se lahko pridobi na trgu.
However, as in the original investigation, it was considered that such loans should not have any impact on the calculation.
Kreditne linije bi se lahko štele tudi za potencialni prenos sredstev v skladu s členom 3(1)(a)(i) osnovne uredbe.
Finally, the exporting producer submitted that it should be treated differently from other sampled companies because it no longer considered its financial situation to BB rating.
V prvotni preiskavi je eden od vzorčenih proizvajalcev izvoznikov pridobil kreditno linijo od banke, katere sedež ni v finančni pristojnosti LRK, pri čemer sta se za to kreditno linijo zaračunali provizija za nečrpan del posojila in organizacijska provizija, kar je običajna praksa na svetovnih finančnih trgih.
However, bearing in mind that the Commission applied a BB rating to all companies (as it did in the original investigation and explained in recital 256 below), this claim was rejected.
Čeprav je kreditno linijo odobrila kitajska podružnica zadevne banke, se je štela za razumen približek referenčni vrednosti.
One sampled exporting producer indicated that some of its loans solely related to export activities.
Tudi za izračun zneska subvencije za to shemo v trenutnem pregledu zaradi izteka ukrepov se je zdelo primerno, da se pristojbine za to kreditno linijo uporabijo kot referenčna vrednost v skladu s členom 6(d)(ii) osnovne uredbe.
This characteristic was taken into account when calculating the benefit pertaining to such loans.
Kot je navedeno v uvodni izjavi 267, ni bilo mogoče opredeliti boljše referenčne vrednosti.
With respect to the above as explained in recitals 47, 107 and 110, both the GOC and the sampled exporting producers were requested to provide information on the lending policies of the Chinese banks and the way loans were attributed to the exporting producers.
Raven pristojbin, ki se uporablja kot referenčna vrednost, je bila določena v sorazmerju z zneskom vsake kreditne linije, da se je pridobil znesek subvencije (brez vseh dejansko plačanih pristojbin).
Although repeatedly requested, such information was not obtained.
Kadar je kreditna linija trajala več kot eno leto, je bil celoten znesek subvencije dodeljen za čas trajanja kreditne linije in ustrezen znesek pripisan OPP.
In view of this lack of cooperation and the totality of facts available, and in line with the provisions of Article 28(6) of the basic Regulation, it is deemed appropriate, as in the original investigation, to consider that all PV producers in China would be accorded the highest grade of ‘Non-investment grade’ bonds only (BB at Bloomberg) and apply the appropriate premium expected on bonds issued by firms with this rating to the standard lending rate of the People's Bank of China.
V preiskavi je bilo potrjeno, da vzorčene družbe v OPP niso prejemale nobenih ugodnosti v okviru programa.
It was claimed that the credit rating of the Chinese PV industry should be downgraded from BB to C or below in the light of the ‘actual defaults and the extremely weak balance sheets of even the largest Chinese producers’.
V vsakem primeru pa nič ne kaže na to, da bi bili prvotni izvozni subvencijski programi umaknjeni.
This claim has to be rejected as from the information available, there is no information that suggest that the PV industry is in a worse or better situation than in the original investigation.
Zahtevek je vseboval trditve, da je družba Sinosure proizvajalcem izdelka, ki se pregleduje, še naprej zagotavljala zavarovanje izvoznih kreditov po preferenčnih pogojih.
Therefore, it was considered appropriate to maintain the methodology used in the original investigation.
V skladu s pritožbo naj zavarovanje izvoznih kreditov družbe Sinosure ne bi zadostovalo niti za pokritje dolgoročnih dejavnosti, družba Sinosure pa posluje v razmerah, ko ustvarja dolgoročne izgube.
As a consequence, the benefit to the sampled exporting producers has been calculated by taking the interest rate differential, expressed as a percentage, multiplied by the outstanding amount of the loan, i.e. the interest not paid during the RIP.
Nesodelovanje in uporaba razpoložljivih dejstev
This amount was then allocated over the total turnover of the exporting producers concerned, or the total export turnover where appropriate.
Kot je navedeno v uvodnih izjavah 279 do 283 spodaj, je Komisija zahtevala informacije v vprašalniku, v pozivih k dopolnitvi in med preveritvenim obiskom kitajske vlade in družbe Sinosure na kraju samem, ki jih slednji večinoma nista predložili, zato Komisija ni mogla preveriti vseh bistvenih elementov in informacij z jasno objektivno povezavo na shemo, kot so dokumenti in podatki, navedeni spodaj.
The subsidy rate established with regard to this scheme during the RIP for the sampled exporting producers amounts to:
Kar zadeva lastniške deleže in postopek notranjega odločanja, ni bil predložen nov/revidiran statut.
Company/Group
Po razkritju je kitajska vlada poudarila, da Komisija ni konkretno obrazložila, kateri elementi iz statuta družbe niso bili na voljo in kako je to vplivalo na analizo Komisije, ter da se je ta oprla na zastarelo različico statuta.
Subsidy Rate (%)
Komisija v zvezi s tem navaja, da je svoje ugotovitve utemeljila na različici statuta, ki je bila na voljo in je nesporna.
Jinko Solar Co.
Kar zadeva notranja pravila poslovanja in postopek ocene tveganja, družba Sinosure ni predložila zahtevanih dokumentov, kot sta „Osnovna pravila za celovito obvladovanje tveganja družbe China Export & Credit Insurance Corporation“ in „Sistem za izdajanje posebnih dovoljenj za na politiki temelječe programe zavarovanja izvoznih kreditov družbe China Export & Credit Insurance Corporation“, navedenih v zapisniku upravnega odbora, ki je bil predložen v izpolnjenem vprašalniku.
Ltd and related companies
Kitajska vlada je po razkritju navedla, da navedba, da drugi dokument ni bil predložen, ni logična, ker kot je navedla Komisija na svojem seznamu dokumentov, predloženih med preveritvijo, Sinosure trdi, da ta dokument ne obstaja.
Changzhou Trina Solar Energy Co.
Komisija je kljub temu presenečena, da se zapisnik sestanka upravnega odbora sklicuje na neobstoječi dokument.
Ltd and related companies
Poleg tega je dejstvo, da ta dokument ni bil predložen in je bil zato uvrščen na seznam, ki ga je kitajska vlada odobrila in podpisala na koncu preveritvenega obiska.
The request contained allegations that the Chinese banks extended disproportionate credit lines to the Chinese exporters of the product under review.
Razlogi, dani za nezagotovitev dokumentov, so bili razlogi, ki jih je podala kitajska vlada in so bili zabeleženi v zapisniku.
The investigation confirmed that indeed all investigated companies received considerable credit lines from Chinese banks which were in most cases provided without any charge.
Družba Sinosure je Komisiji sicer dovolila hiter vpogled v podatke o dobičkih/izgubah samo za kratkoročna zavarovanja kreditov v skladu s programom zavarovanja izvoznih kreditov, vendar poudarjamo, da Komisiji ni bilo dovoljeno pregledati dokumenta ali narediti kopije in da izračunane dobičkonosnosti ni bilo mogoče podpreti z dokazi.
Findings of the investigation
Po razkritju kitajska vlada meni, da Komisija priznava pregled podatkov o poslovnem izidu v uvodni izjavi 280.
Credit lines are a potential transfer of funds
Vendar bi morala kitajska vlada upoštevati tudi preostanek uvodne izjave, ki vodi do ugotovitve, da Komisija ni bila zadovoljna s prejetimi informacijami.
The EC-Aircraft panel report confirmed that such credit lines, over and above the effects of the individual loans, can be potential direct transfers of funds under the provision of WTO law that corresponds to Article 3(1)(a) (i) of the basic Regulation and thus financial contributions.
Kitajska vlada je trdila tudi, da je družba Sinosure v izpolnjenem vprašalniku o kratkoročnem zavarovanju izvoznih kreditov solarnih izdelkov za izvoz v Unijo podala podrobne informacije.
The panel found that the benefit of a potential transfer of funds arises from the mere existence of an obligation to make a direct transfer of funds.
V zvezi s tem Komisija ugotavlja, da je bilo s številkami, predloženimi med preveritvenim obiskom, te številke nemogoče preveriti na kraju samem.
The panel also found that a credit line could, in and of itself, confer a benefit to the recipient firm and was thus a potential transfer of funds separate from any direct transfers of funds in the form of individual loans [43].
Prav tako niso bile predložene informacije o zavarovanju izvoznih kreditov za sektor, in sicer za deset največjih proizvajalcev izvoznikov ali za tri vzorčene proizvajalce izvoznike.
The banks providing the credit lines are public bodies or are entrusted by the government
Zahtevki po razkritju glede desetih največjih proizvajalcih izvoznikih so obravnavani v uvodni izjavi 67 zgoraj.
The credit lines were provided to the sampled exporting producers by the same banks as the preferential policy loans described above in section 3.4.1.1.
Glede trditve kitajske vlade, da so bile informacije za tri vzorčene proizvajalce izvoznike v vsakem primeru na voljo Komisiji prek samih proizvajalcev izvoznikov, Komisija ugotavlja, da bi moral informacije, ki jih je zahtevala od družbe Sinosure, Sinosure zagotoviti sama.
These banks are public bodies (see recitals 136, 151, 166, 185 and 186).
Družba Sinosure ni mogla domnevati, da bodo informacije o zavarovanju izvoznih kreditov predložili trije vzorčeni proizvajalci izvozniki, in tudi če bi lahko, družba Sinosure ni mogla preprosto predpostavljati, da bodo takšni podatki popolni ali pravilni.
They exercise the government function of promoting the PV industry in line with central planning as set out above in section 3.2.
Del pristojnosti preiskovalnega organa je zbiranje informacij iz različnih virov; to nalogo je oviralo nesodelovanje.
According to questionnaire replies of the three sampled exporting producers their credit lines were received free of charge.
Poleg tega je družba Sinosure trdila, da nobeden od treh vzorčenih proizvajalcev izvoznikov v OPP ni pridobil zavarovanja od družbe Sinosure.
In normal market circumstances, however, such credit lines are subject to substantial commitment and administration fees, which allow the banks to compensate for the costs and risks.
Ugotovljeno je bilo, da je ta trditev nepravilna in v nasprotju z informacijami, ki so jih trije predložili vzorčeni proizvajalci izvozniki.
The amount of benefit is represented by the fees normally applicable to commercial credit lines extended to the companies from which the sampled exporting producers were relieved in most cases.
Sinosure je javni organ
The Commission used the fees applied to the credit line extended to one of the sampled exporting producers by a foreign commercial bank in the original investigation [44].
V prvotni preiskavi [45] je bilo ugotovljeno, da je družba Sinosure javni organ.
No such credit line existed for any of the three sampled companies in the current investigation.
Niti kitajska vlada niti družba Sinosure med to preiskavo nista predložili dokazov, da so se te razmere spremenile.
As the fees are calculated as a simple percentage of the transaction values, there was no need to update the benchmark used in the original investigation.
Preiskava prav tako ni razkrila nobenih elementov, ki bi izpodbijali zgornjo ugotovitev.
In addition, no other benchmark was proposed in the current investigation.
Nasprotno, družba Sinosure je v letnem poročilu za leto 2014 potrdila ugotovitev iz prvotne preiskave, v kateri je navedeno, da je „družba Sinosure po najboljših močeh podpirala kitajske nacionalne politike in to poskušala doseči z raziskovanjem novih idej in konceptov, izboljšanjem delovnih metod, izpopolnjevanjem izdelkov in storitev ter povečanjem učinkovitosti pri izvajanju svojih političnih funkcij“ ali da ima vlogo „organa, ki podpira politiko“.
For the same reasons as set out above at recitals 230 to 235, the subsidies in the form of disproportionate credit lines are not generally available and are therefore specific in the meaning of Article 4(2)(a) of the basic Regulation.
Ugotovitve iz prvotne preiskave zato veljajo tudi v OPP in se potrdijo.
Following disclosure an exporting producer complained about the fact that the Commission included a co-operation agreement between a bank and the company in its list of credit lines.
Pravna podlaga
The Commission deems the inclusion of such agreement as justified since it has the same characteristics as the Agreements described in recitals 434 to 438 of the original Regulation.
Pravne podlage so enake kot v prvotni preiskavi: Obvestilo o izvajanju strategije spodbujanja trgovine prek znanosti in tehnologije z uporabo zavarovanja izvoznih kreditov (Shang Ji Fa[2004] št. 368), ki sta ga skupaj izdala MOFCOM in Sinosure; Izvozni seznam kitajskih visokotehnoloških izdelkov in izdelkov z novo tehnologijo iz leta 2006; tako imenovani načrt 840, vključen v obvestilo državnega sveta z dne 27. maja 2009; tako imenovani načrt 421, vključen v Obvestilo o izdajah za izvajanje posebnih dogovorov za financiranje zavarovanj v zvezi z izvozom velike celostne opreme, ki sta ga 22. junija 2009 skupaj izdala ministrstvo za trgovino in ministrstvo za finance; Obvestilo o Sklepu državnega sveta o pospeševanju pridelave in razvoja strateških nastajajočih industrij (Guo Fa [2010] št. 32 z dne 18. oktobra 2010), ki ga je izdal državni svet, in izvedbene smernice državnega sveta (Guo Fa [2011] št. 310 z dne 21. oktobra 2011).
In the absence of such Agreement, the exporter would evidently be perceived by the markets as being in a weaker position.
Ker je družba Sinosure javni organ, ki mu je zaupano pooblastilo vlade ter izvršuje vladne zakone in načrte, zagotavljanje zavarovanja izvoznih kreditov proizvajalcem izdelka, ki se pregleduje, pomeni finančni prispevek v obliki potencialnega neposrednega prenosa sredstev od vlade v smislu člena 3(1)(a)(i) osnovne uredbe.
Consequently, the Agreement qualifies as a potential transfer of funds or as a provision of financial services.
Nekateri lokalni organi so odobrili znižanje dela premije, ki so jo proizvajalci izvozniki plačali družbi Sinosure.
Such a valuable ‘guarantee’ would have some value in the market and make the recipient ‘better off’ than they would be absent the Agreement.
To znižanje dela premije pomeni tudi neposredni prenos sredstev v obliki nepovratnih sredstev v skladu s členom 3(1)(a)(i) osnovne uredbe.
As in the original investigation, where an Agreement with the same bank of the same amount had been countervailed, the Commission maintains that such agreement is countervailable.
Ugodnost v smislu členov 3(2) in 6(c) osnovne uredbe obstaja, če družba Sinosure zagotavlja zavarovanje izvoznih kreditov po pogojih, ki so ugodnejši od tistih, ki bi jih prejemnik običajno dobil na trgu, ali če zagotavlja zavarovanje, ki sicer sploh ne bi bilo na voljo na trgu.
The investigation showed that all (groups of) sampled exporting producers benefited from credit lines provided free of charge or at below-market rates in the RIP.
Dodatna ugodnost v smislu člena 3(2), ki jo prejme proizvajalec izvoznik, je gotovinsko znižanje dela zavarovalne premije, ki jo družbi Sinosure plačajo nekateri lokalni organi, kjer imajo sedež nekateri proizvajalci izvozniki.
Accordingly, the extension of such credit lines to the PV industry should be considered a subsidy.
Glede obstoja ugodnosti je Komisija proučila, v kolikšnem obsegu so premije Sinosure krile stroške kratkoročnega zavarovanja izvoznih kreditov.
Calculation of subsidy amount
Drugič, informacije iz tega poročila je bilo mogoče preveriti zgolj delno, saj na podlagi predloženih dokazov ni bilo mogoče uskladiti informacij z letnim poročilom družbe Sinosure za leto 2014.
The provision of credit lines free of charge or for below-market fees is considered a provision of financial services (Article 3(1)(a)(iii) of the basic Regulation) for less than adequate remuneration.
Komisija zato ni zadovoljna s predloženimi informacijami.
The amount of countervailable subsidy is calculated in terms of the benefit conferred on the recipients, which is found to exist during the RIP.
Nadalje je družba Sinosure kot izhodišče za svojo trditev uporabila točko (j) Priloge 1 k Sporazumu o subvencijah in izravnalnih ukrepih („SIU“) STO, ki zagotavljanje programov zavarovanja izvoznih kreditov po premijskih stopnjah, ki ne zadostujejo za kritje dolgoročnih stroškov poslovanja in izgub programov, uvršča med „prepovedane“ izvozne subvencije po členu 3(1)(a) navedenega sporazuma.
Because of the market distortions described in recitals 225 and 226 above the adequacy of the remuneration for the financial services (in this case provision of credit lines) could not be determined in relation to prevailing market conditions in the PRC.
V izpolnjenem vprašalniku se je družba sklicevala le na dobičke, akumulirane v zadnjih petih letih, ter sklepala, da zagotavljanje zavarovanja izvoznih kreditov proizvajalcem izvoznikom ni pomenilo subvencije v okviru Sporazuma SIU STO, ker je na splošno v tem obdobju ustvarila dobiček.
Therefore in accordance with Article 6(d)(ii) of the basic Regulation the benefit conferred on the recipients is considered to be the difference between the amount that the company pays for the provision of credit lines by Chinese banks and the amount that the company would pay for a comparable commercial credit line obtainable on the market.
V zvezi s tem se ugotavlja, da Komisija na podlagi predloženih informacij, tj. kumulativnega zneska v zvezi z dobičkonosnostjo v petletnem obdobju, ne more sprejeti smiselne ugotovitve.
Credit lines could also be considered as a potential transfer of funds under Article under Article 3(1)(a)(i) of the basic Regulation.
Ker ni zanesljivih in preverljivih informacij, potrebnih za izvedbo analize „programa“ iz točke (j) Priloge 1 k Sporazumu SIU STO, je morala Komisija svoje ugotovitve utemeljiti na podlagi razpoložljivih dokazov v zapisniku.
In the original investigation, one of the sampled exporting producers had obtained a credit line from a bank whose headquarters was established in a financial jurisdiction other than the PRC and this credit line was subject to commitment and arrangement fees as is the usual practice on world financial markets.
Komisija se je glede tega oprla na letno poročilo za leto 2014, ki ga je pridobila med preveritvenim obiskom.
Although the credit line was extended by the Chinese subsidiary of the bank in question, it was considered to be a reasonable proxy for a benchmark.
Po pregledu tega dokumenta je bilo ugotovljeno, da bi celotna dejavnost zavarovanja izvoznih kreditov družbe Sinosure v letih 2013 in 2014 ustvarila izgubo, če ne bi bil evidentiran dohodek, ki ne izhaja iz poslovanja.
As set out in recital 267, no better benchmark could be identified.
Stanje je še vedno podobno tistemu iz prvotne preiskave.
The level of the fees used as a benchmark was applied pro-rata to the amount of each credit line in question to obtain the amount of subsidy (minus any fees actually paid).
Poleg razlag iz uvodnih izjav 280, 289 in 290 ter kot je bilo ugotovljeno v prvotni preiskavi, je v členu 11 domnevno zastarele različice statuta, ki je bil predložen v izpolnjenem vprašalniku, določeno, da družba posluje na pragu dobička.
In cases where the duration of the credit line was more than one year, the total amount of subsidy was allocated over the duration of the credit line and an appropriate amount attributed to the RIP.
Povedano drugače, po statutu si družba Sinosure ne prizadeva čim bolj povečati svojega dobička, temveč si prizadeva zgolj za pokritje stroškov v skladu s svojo funkcijo edinega uradnega zavarovatelja izvoznih kreditov v LRK.
The investigation confirmed that no benefits had been received under the programme by the sampled companies during the RIP.
Kot je bilo že pojasnjeno, so zapisi v spisu pokazali, da pravno in politično okolje, v katerem družba Sinosure posluje, od nje zahteva, da izvršuje vladne politike in načrte ter tako izpolnjuje svoje pooblastilo v okviru javne politike.
In any event, there is no indication that the original export subsidy programmes have been withdrawn.
Med izbranimi panogami in družbami, ki jih izrecno podpira država, imajo proizvajalci izvozniki popoln dostop do zavarovanja izvoznih kreditov, ki jih zagotavlja družba Sinosure po preferenčnih obrestnih merah.
The request contained allegations that Sinosure continued to provide export credit insurance on preferential terms to producers of the product under review.
Zato družba Sinosure zagotavlja neomejeno razpoložljivost zavarovanj za fotonapetostni sektor, nizke zavarovalne premije, ki jih ponuja, pa ne odražajo dejanskih tveganj, nastalih pri zavarovanju izvoza v tem sektorju.
According to the complaint, Sinosure's export credit insurance is not even adequate to cover the long-term operations and Sinosure operates in a situation of long term losses.
Na podlagi vseh teh zbranih elementov je že mogoče sklepati, da premijske stopnje, ki jih zaračuna družba Sinosure, še vedno ne zadostujejo za pokritje njenih dolgoročnih dejavnosti.
Non-cooperation and use of facts available
Opozoriti je treba tudi, da so bili že v prvotni preiskavi [46] sprejeti nekateri sklepi.
As mentioned in recital 279 to 283 below, the Commission requested information in the questionnaire, in the deficiency letters and during the on-the-spot verification visit to the GOC and Sinosure, of which a substantial number of elements was not provided by the GOC and/or Sinosure, due to which the Commission was unable to verify all essential elements and information with a clear objective link with the scheme, such as the documents and data referred to below.
Kitajska vlada med to preiskavo ni predložila nobenih dokazov, da se je stanje spremenilo.
As far as shareholding and the internal decision making process are concerned, the new/revised Articles of Association were not provided.
Preiskava ni razkrila nobenih elementov, ki bi izpodbijali zgornjo ugotovitev.
In this respect, the Commission notes that it based its findings on the version of the Articles of Association that was available and undisputed.
Družba Sinosure je trdila, da na kitajskem trgu take storitve zagotavljajo še štiri družbe.
As far as internal rules governing the operations and the risk assessment process are concerned, Sinosure did not provide the requested ‘Basic Rules for Comprehensive Risk Management China Export & Credit Insurance Corporation’ and the ‘Scheme for Specific Authorization of Policy-Based Export Credit Insurance Programs of China Export & Credit Insurance Corporation’ referred to in the minutes of the Board of Directors that had been provided in the questionnaire reply.
Vendar v zvezi s tem ni bilo mogoče predložiti informacij o njihovih tržnih deležih.
Following disclosure the GOC said that mentioning that the second document was not provided is illogical because as noted by the Commission in its own document list made during the verification, according to Sinosure, this document does not exist.
Vsekakor je družba Sinosure edini uradni zavarovatelj izvoznih kreditov in ima prevladujoč položaj na kitajskem trgu.