EU’S ANTI-Dumping Action Dampens China’s Bicycle Exports

The European Union’s (EU)
unilateral lifting of anti-dumping tax rate on bicycles has had
a negative impact on China’s bicycle exports to the region, as
shown in the ongoing 98th Session of Chinese Export Commodities
Fair held in Guangzhou.

Published October 21, 2005 by Asia Pulse



BEIJING, Oct 21  – The European Union’s (EU)
unilateral lifting of anti-dumping tax rate on bicycles has had
a negative impact on China’s bicycle exports to the region, as
shown in the ongoing 98th Session of Chinese Export Commodities
Fair held in Guangzhou.

Some major Chinese bicycle exporters complained that the
bargains reached with their European partners during this
session saw a considerable decline compared with that of the
last session.

Since 1992, the EU has enforced a 30.6 per cent anti-dumping
tax on bicycles imported from China. In May 2005, the EU
decided to lift the tax rate to 48.5 per cent, effective for a
term of five years starting from July 15, 2005.

China’s bicycle exports to the EU have been less than 3
million units annually since 1992. This compares with the
country’s total bicycle exports of 50 million units a year and
an annual market capacity of 20 million units in the EU.