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.
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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.

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