News Article

No Dumping Duty For Shimano

Laws & Regulations

BRUSSELS, Belgium (April 27) – The European Commission has decided not to impose provisional anti-dumping duties on Shimano’s internal hub gears. This is a highly unusual step, which reflects strong doubts among EU countries about the justification of duties. The Commission, which runs the EU’s foreign trade policy, has chosen instead to continue its investigation […]

BRUSSELS, Belgium (April 27) – The European Commission has decided not to impose provisional anti-dumping duties on Shimano’s internal hub gears. This is a highly unusual step, which reflects strong doubts among EU countries about the justification of duties. The Commission, which runs the EU’s foreign trade policy, has chosen instead to continue its investigation into Shimano’s internal hub gear sales up till the end of October, the date by which a decision for or against “definitive” anti-dumping duties must be taken. EU countries are worried about the impact that duties could have on prices, jobs and competition in the European bicycle industry. Shimano understands that most EU countries opposed anti-dumping duties, or advised the Commission to continue the investigation without imposing a 15% provisional duty on Shimano. Shimano welcomes this decision. Sato Yuasa, Managing Director of Shimano Europe, said: “Shimano supports consumer choice, free competition and fair trade, and is encouraged by the Commission’s decision not to impose duties at this stage. We have argued consistently that our pricing policy has caused no damage whatsoever to our competitors. We respect the Commission’s role in managing the EU’s trade policy, and will continue to cooperate constructively with the investigators, as we have done from the outset.”
SRAM Europe was not yet informed by the decision of the European Commission and for that reason wanted to wait with comments. (JO)

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