News Article

EU Decreases Import Duties for Bicycles

Laws & Regulations

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%.

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%. This decrease has no effect on the rate of imported bicycles under the Generalized System of Preferences (GSP) rate which remains at 10.5%.

All other bicycles, i.e. under CN Code 8712 00 10 “without ball bearings” and under CN Code 8712 00 80 “other cycles”, i.e. unicycles, tricycles, etc. remain subject to 15% import duty. “Cycles fitted with an auxiliary motor”, which are pedelecs and/or ebikes listed under CN Code 871190, have an unchanged 6% import duty. The tariff for bicycle parts and accessories also remains unchanged at 4.7%.

Related website:

http://ec.europa.eu/taxation_customs/dds/en/home.htm

Comment on this article