Home / Business / Giant files lawsuit protesting EU dumping tariffs
The case has been filed at the European Court of First Instance in Luxembourg, Europe's second highest court. Giant wants to overturn five-year anti-dumping duties of 34.5 percent against bikes produced in Vietnam and 48.5 percent against bikes produced in China.

Giant files lawsuit protesting EU dumping tariffs

The EU imposed the duties on July 12th.

Vietnam’s share of the EU bicycle market grew to nearly 9 percent last year from about 2 percent in 2000, while China’s share expanded to 4 percent from less than 1 percent, according to the EU, reports the Taipei Times.

The average price for a bicycle in Europe fell 7 percent to 115 euros a unit in 2003 compared with 2000, according to the EU, which said the market share of European producers fell to 51 percent last year from 67 percent four years earlier.

In other news...

Thule Group sees 52% currency-adjusted growth in Q3

The Thule Group has reported currency-adjusted growth of 52% for the third quarter of 2020. …