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Misleading Notification About Anti-Dumping Harms Velo

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TAICHUNG, Taiwan – A report concerning the European Unions anti-dumping and anti-circumvention regulations in Taiwan Bicycle Today e-newsletter has caused a lot of commotion. Velo President Stella Yu (photo) has accordingly raised a

Misleading Notification About Anti-Dumping Harms Velo

TAICHUNG, Taiwan – A report concerning the European Union’s anti-dumping and anti-circumvention regulations in Taiwan Bicycle Today’ e-newsletter has caused a lot of commotion. Velo President Stella Yu (photo) has accordingly raised a strong protest.

Bicycle Today’ e-newsletter on January 6, 2009, states: “The EU has levied anti-dumping duties on bicycle saddles originating from the People’s Republic of China since June 22, 2007. The rate of 29.6% applies to all saddles imported from the PRC, except for the products supplied by Cionlli Bicycle (Taicang) Co. Ltd., Shunde Hongli Bicycle Parts Co. Ltd., Safe Strong Bicycle Parts Shenzhen Co. Ltd. and Cionlli Bicycle Components (Tainjin) Co. Ltd. These companies enjoy a reduced duty of 5.8%…." The foregoing report is misleading, which has caused Velo customers unnecessary concern and doubt.

Velo President Stella Yu has accordingly raised a strong protest concerning this deceptive report, and has made the following statement: "According to the Official Journal of the European Community No. L 160 on June 21, 2007, since June 22, 2007, the EU has levied anti-dumping duties on bicycle saddles originating from the People’s Republic of China. The rate of 29.6% applies to all saddles imported from the PRC, except for the products supplied by Cionlli Bicycle (Taicang) Co. Ltd., Shunde Hongli Bicycle Parts Co. Ltd., Safe Strong Bicycle Parts Shenzhen Co. Ltd. and Cionlli Bicycle Components (Tainjin) Co. Ltd. These companies enjoy a reduced duty of 5.8%, whereas Giching Bicycle Parts (Shenzhen) Co. Ltd. and Velo Cycle Kunshan Co. Ltd. are completely exempted of anti-dumping duties. The duties will normally apply until June 22, 2012."

Velo China’s saddles are the sole such product exported to the European Union that are exempt from anti-dumping duties. Velo has made this statement in order to correct any misunderstandings and ensure that its customers will not been confused or worried by reports that appear to claim otherwise."

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