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EU Drops Dumping Duty on Vietnam Made Bikes
14/07/2010 12:00
BRUSSELS, Belgium – The European Commission has not received a request for a review of the anti-dumping measures concerning imports of bicycles originating in Vietnam. With that the dumping duties which varied from 15.8 to 34.5% on Vietnam made bikes imported into the European Union will be dropped by next Thursday, July 15, 2010.
The anti-dumping duties on Vietnam made bikes were instigated in 2005. They caused the Vietnam export to grind to a halt with the number of bikes exported to the EU declining from about 1.5 million units in 2004 to less than 7,000 in 2009. It forced a number of Vietnam bike makers into insolvency.
Vietnam’s deputy Prime Minister Hoing Trung Hai visited Brussels last month urging the European Commission to consider re-granting Vietnam status under the Generalized System of Preferences (GSP) as well as to end the imposition of dumping duties on bikes and on leather-upper shoes. In case the European Commission decides to grant GSP status to Vietnam, bikes imported from the country into the EU could get import duty free status making them 14% cheaper compared to bikes imported from countries without this GSP Plus status.
Click here for the official document in which the expiry of the dumping duties on bikes imported from Vietnam is announced:
The anti-dumping duties on Vietnam made bikes were instigated in 2005. They caused the Vietnam export to grind to a halt with the number of bikes exported to the EU declining from about 1.5 million units in 2004 to less than 7,000 in 2009. It forced a number of Vietnam bike makers into insolvency.
Vietnam’s deputy Prime Minister Hoing Trung Hai visited Brussels last month urging the European Commission to consider re-granting Vietnam status under the Generalized System of Preferences (GSP) as well as to end the imposition of dumping duties on bikes and on leather-upper shoes. In case the European Commission decides to grant GSP status to Vietnam, bikes imported from the country into the EU could get import duty free status making them 14% cheaper compared to bikes imported from countries without this GSP Plus status.
Click here for the official document in which the expiry of the dumping duties on bikes imported from Vietnam is announced:
http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:C:2010:188:0010:0010:EN:PDF
July 12, 2010
Source: www.bike-eu.com
July 12, 2010
Source: www.bike-eu.com
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