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EU poised to extend tariffs on Chinese bicycle imports


Added 06-11-19 07:04:08am EST - “The European Union is poised to extend for a further five years anti-dumping duties on Chinese bicycles on the basis that input costs are distorted by state intervention and that any lifting of measures would lead to a flood of imports.…” - News.yahoo.com

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Posted By TheNewsCommenter: From News.yahoo.com: “EU poised to extend tariffs on Chinese bicycle imports”. Below is an excerpt from the article.

BRUSSELS (Reuters) - The European Union is poised to extend for a further five years anti-dumping duties on Chinese bicycles on the basis that input costs are distorted by state intervention and that any lifting of measures would lead to a flood of imports.

The European Commission has completed a review of whether such measures are still warranted and concluded that they are, according to a document seen by Reuters. Assuming EU governments do not oppose this finding, tariffs will be rolled over for a further five years.

The extended duties would be the latest in a series of EU measures against Chinese exports ranging from solar panels to steel, which have sparked strong words from Beijing.

Imported Chinese bicycles, subject to anti-dumping duties since 1993, currently face an import tariff of 48.5%. The measures also extend to bicycles from Cambodia, Philippines, Tunisia, Sri Lanka, Indonesia and Pakistan, albeit with some exemptions.

The European Union also imposed duties at the start of the year of up to 79.3% on imports of Chinese electronic bicycles.

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