Brussels, Belgium - The European Commission (EC) has formally announced that the European Union will maintain anti-dumping duty on imports of bicycles originating from the People’s Republic of China. The anti-dumping rate will continue to be set at 48.5%. The measures will also continue to be extended to bicycle imports from Indonesia, Malaysia, Sri Lanka, Tunisia, Cambodia, Pakistan and the Philippines, whether declared as originating in these countries or not—Certain companies are exempted.
According to the EC, “During the review period, the Chinese import prices were substantially below the Union industry’s sales prices despite the anti-dumping measures in force during the period considered. The average selling price of the Union industry in the EU market during the review investigation period was almost double compared with the average import price from China. On this basis, it was concluded that Chinese exports of bicycles to the EU would be made at dumped and injurious prices, undercutting the Union industry sales price, should measures be allowed to lapse.”
The European Bicycle Manufacturers Association welcomed the extension which will last a further 5 years, saying that without these measures Chinese exporters would have driven EU producers out of their own market, as had already happened in the United States and Japan.
The tariffs do not apply to Taiwan’s Giant (9921.TW), the world’s largest bicycle manufacturer, which has facilities in Taiwan, China and the Netherlands. The company won a case at the European Court challenging EU anti-dumping duties in 2017.