PRESS RELEASE FROM EBMA.
The Official Journal of the European Community No; L 183 of todays date announces anti-dumping duties on bicycles imported from the Peoples Republic of China ( PRC ) and Vietnam. The long investigation was as a result of our complaints of March 2004 and the very detailed result goes a long way to confirm our findings of dumping and injury.
The report confirms the existence of a PRC export quota system with its control of prices and quantities. It mentions the non-transparent invoicing arrangements of the Vietnamese producers. One further interesting point is the fact that the Taiwanese internal market is largely supplied by PRC makers.
80% of the Community producers supported the complaints. The cumulated imports of the two countries concerned showed an increase of bicycle imports of 431% from 2000 with an average sales price decline of 50%.
The statements by ETRA that there is no evidence of Vietnamese dumping and that the Community market vitally needs their bicycles (which are made by Taiwanese factories recently implanted in Vietnam ) are comprehensively shown to be wrong. There is plenty of bicycle capacity in Europe and elsewhere to ensure adequate future supplies for our markets.
The Community bicycle industry is very pleased with this Council Regulation EC No. 1095/2005 of 12th July 2005.
Anti-Dumping duties of 48.5% on PRC bicycles and 34.5% on Vietnamese bicycles ( with the exception of Strongman/Always at 15.8% ) will apply from the 13th of July 2005 for a period of five years.