BikeBiz Bicycle and cycling retail news
The GSP allowed certain developing countries to, in effect, reduce anti-dumping tariffs imposed by the EU.
The just published section L169 of the Journal of the European Union removes China and Thailand from the generalised system of preferences.
This is valid 2006 through to 2015 and comes on top of the recently announced extension and increased to the anti-dumpiing tariff imposed on bicycles sourced from China.
Chinese-built bikes are now subject to a tariff of 48.5 percent up from 30.6 percent.
