A man with a mask rides an electric bicycle in the vicinity of the financial district of Pudong in the midst of heavy smog in Shanghai, China, December 23, 2015. REUTERS/Aly Song – D1BESCXVYEAA
BRUSSELS (Reuters) – the governments of the EU voted on Tuesday to impose duties on Chinese electric bicycles to curb cheap imports that the European producers say take advantage of unfair subsidies and flood the market, EU sources familiar with the matter said.
The European Commission, which investigates on behalf of the 28 members of the EU, has proposed that a final or definitive rates of between 18.8 and 79.3 percent would apply to all e-bikes from China.
The anti-dumping and anti-subsidy duties are the latest in a series of EU measures against Chinese exports, ranging from solar panels of steel, which led to strong words from Beijing.
In contrast to the United States, the European Union has not launched a trade war against China, but it shares the AMERICAN concern about the forced transfer of technology and Chinese aid.
The electric bike imports are already subject to the duties provided on a provisional basis in July. Final rights typically apply for five years.
The taiwanese Giant, one of the world’s largest bicyclemakers, those factories in China, as in the Netherlands, will be subject to a rate of 24.8 percent.
The Commission found that the Chinese export of e-bikes to the European Union more than tripled from 2014 to September 2017. Their market share rose to 35 percent, while the average price decreased 11 percent.
It has also been said that the Chinese producers benefit from controlled aluminum prices and favorable financing and land rights of the terms and conditions and tax benefits.
The EU producers, including the Dutch groups Accell and Gazelle, Romania-Eurosport DHS and the German Derby Cycle Holding.
Reporting by Philip Blenkinsop, editing by Robin Emmott