Business & Finance

EU extends anti-dumping duties on some imports from China

BRUSSELS, The European Commission announced Thursday the extension for another five years anti-dumping measures in place on imports of Chinese-made bicycles.

Bicycles imported from Indonesia, Malaysia, Sri Lanka, Tunisia, Cambodia, Pakistan and the Philippines are also covered by these measures, said the EU’s executive body in a press release.

Previous investigations found that Chinese bicycles were passing by these countries to then be re-exported to the EU, it noted.

The EU anti-dumping measures on bicycles were originally imposed in 1993 and have been extended several times since then. The anti-dumping duties go up to 48,5%.

The EU bicycle industry produces over 11 million bicycles across 22 EU Member States every year.

EU bicycle producers provide 100,000 direct and indirect jobs, it added.

Source: Kuwait News Agency