21.12.2012: The World Trade Organization (WTO) has officially confirmed its ruling that the local content requirement embedded within Ontario’s feed-in-tariff (FIT) program violates WTO rules. The ruling supports claims made by Japan and the EU that the FIT program’s local content requirement unfairly discriminates against foreign companies. The WTO, however, did not agree with Japan and Europe’s argument that Ontario’s FIT program should be viewed as an illegal subsidy. Ontario’s local content requirement ensures that renewable energy installations only receive a FIT if 50 to 60 percent of the project’s equipment and services come from Ontario-based companies. Source: World Trade Organization http://www.wto.org/english/news_e/news12_e/412_426r_e.htm http://www.wto.org/english/tratop_e/dispu_e/412_426r_conc_e.pdf The complete press release can be viewed in PHOTON's archive using the following link:
http://www.photon-international.com/newsletter/document/72853.pdf | 
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