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July 19, 2018

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EU acts over Chinese electric bikes

THE European Union will impose duties from today on Chinese electric bicycles in a move to curb cheap imports that European producers say are flooding the market.

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

The EU shares US concerns about technology transfers and state subsidies but has called on countries to avoid a trade war. This month, the United States and China slapped tariffs on US$34 billion of each other’s imports.

The European Commission, which is carrying out an investigation on behalf of the 28 EU members, decided that tariffs of between 27.5 and 83.6 percent should apply for all e-bikes coming from China, the EU official journal said.

Taiwan’s Giant, one of the world’s largest bicycle makers with factories on China’s mainland as well as in the Netherlands, was subject to the lower rate of 27.5 percent.

The investigation is set to run until January, when definitive duties typically lasting five years could apply.

The Commission found Chinese exports of e-bikes to the EU more than tripled from 2014 to the 12 month period to September 2017. Their market share rose to 35 percent, while average prices fell 11 percent.

The European Bicycle Manufacturers Association, which brought the case, said it applauded the decision, adding the duties would give European e-bike makers the chance to recover lost sales.

EU producers include Dutch groups Accell and Gazelle, Romania’s Eurosport DHS and Germany’s Derby Cycle Holding. Imports of Chinese e-bikes were subject to registration from early May, meaning the duties could be backdated to then. There is a parallel EU investigation into whether Chinese e-bikes have benefited from excessive subsidies.


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