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Bike makers in for bumpy ride |
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Written by China Daily
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Thursday, 09 June 2005 |
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In a nut shell Europe claims that China's bicycle makers are dumping into the European market. As a result Europe is going to tax them more, which will probably result in at least one of them abusing the World Trade Organization (WTO) regulations. "BEIJING, June 9 -- Chinese bicycle exporters might face stricter market conditions in European countries after the penalty tariff against them increased. The European Commission has made the preliminary rulings to impose a 48.5 per cent penalty tariff on bicycles originated from China for dumping." (Full Article)
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Last Updated ( Thursday, 09 June 2005 )
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