EU Decreases Import Duties for Bicycles

BRUSSELS, Belgium Good news for the global bike industry. Following agreements within World Trade Organization (WTO), the European Union has lowered a number of import duties, among which the duties on bicycles. As a result, since the 9th June 2006, the tariff for bicycles not motorized, with ball bearings with CN Code 8712 00 30, has diminished from 15 to 14%.