EU anti-dumping on RI

EU anti-dumping on RI

BRUSSELS (AFP): The European Union applied anti-dumping duties to bicycles imported from Indonesia, Malaysia and Thailand yesterday, officials said.

The duties would be enforced initially for four months and ranged from 13. 2 to 48.8 percent.

Ministers of the European Union (EU) would decide on the final rate of duty. Some bicycles imported from China have attracted dumping duties since September 1993.

An investigation was opened in February 1994 because the three countries had increased their share of the EU market to 6.8 percent in 1993 when three EU manufacturers had gone bankrupt.

The duties applied to bicycles made in Indonesia range from 22 percent to 29 percent but products from the Insera Sana company were exempted.