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%.
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%.