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15% Dumping Duty for Shimano?

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TAIPEI, Taiwan (April 2) – The European Commission will impose a 15% dumping duty on the hub gears imported in the European Union by Shimano. Strong rumors indicate that the EC will impose this duty by the end of this month. The imposed duty is the result of a dumping complaint made by SRAM several […]

TAIPEI, Taiwan (April 2) – The European Commission will impose a 15% dumping duty on the hub gears imported in the European Union by Shimano. Strong rumors indicate that the EC will impose this duty by the end of this month. The imposed duty is the result of a dumping complaint made by SRAM several months ago. During the Taiwan International Cycle Show several industry players reacted on the strong rumors. Kim Roether, MD of Derby Germany stated that the dumping duty for Shimano will only bring higher prices. “I expect that SRAM will increase their prices after the dumping has come into effect. Next to that I believe that the dumping duty will lead to competition differences between west and eastern Europe. Bicycle makers in eastern Europe will be able to buy Shimano components duty-free. In my opinion Shimano and SRAM have to resolve this issue, and avoid the imposing of the dumping duty.” Panther Werke AG purchasing manager Wolther indicated that the dumping duty will be in favor of bicycle makers in eastern Europe. Panther Werke operates a bicycle factory in Lithuania that will buy Shimano hub gears duty-free. He expects that other bicycle makers in eastern Europe will switch to the duty-free Shimano gears. Bob Giddens, marketing manager at Kynast says: “Our competitors outside the EU will have an advantage over us. A 15% advantage, to be precise.”

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