Taiwan's Bike Export Remains Under Pressure

At today's Taipei Cycle Show 2012 press conference in Taichung, Taiwan Walter Yeh, Executive Vice President of show organizer TAITRA (left on photo) and Tony Lo (right), Giant President and Chairman of the Taiwan Bicycle Exporters Association, reported that bicycle export from Taiwan dropped by 14% during the first ten months of this year in units. The main reason for this decline is the bad market situation for Taiwan bicycles on the European market.