Duties on Asian bicycles

Duties on Asian bicycles

BRUSSELS (Reuter): The European Commission has decided to extend for two months provisional anti-dumping duties on bicycles from Indonesia, Malaysia and Thailand to give it more time to complete its investigations.

The announcement, published in the EUs Official Journal, extends the duties to April 14 unless the Commission decides before then to impose definitive duties.

The duties were originally imposed in October, 1995 after a one-year investigation triggered by complaints from European manufacturers.

The investigation found that imports from the three countries nearly tripled to 12 million bicycles between 1990 and 1993, and that their combined share of the EU market leaped to 21.7 percent from 8.2 percent.