EBMA Appeals to Cancelation of Giant China’s Dumping Conviction
BRUSSELS, Belgium – The European Bicycle Manufacturers’ Association (EBMA) had filed an appeal on the cancellation of Giant China’s dumping conviction. Tomorrow is the deadline for the appeal period. During the appeal period the 48.5% anti-dumping duty imposed on bikes made by Chinese producers including Giant China and imported into the EU will stay in place.
On 26 November, 2015 the Court of Justice of the European Union ruled that the anti-dumping conviction of Giant China is cancelled. This verdict was the outcome of an appeal filed by Giant China in August 2013. It took to 26 November, 2015 for the appearance of the 12 page ‘Judgement of the General Court in Case T 425/13 between Giant (China) Co. Ltd, in Kunshan (China) and the Council of the European Union supported by the European Commission and by the European Bicycle Manufacturers Association (EBMA).’
Grounds for appeal
This 26 November verdict is now again being appealed by EBMA. On what grounds this appeal is based and what the procedure is for this next appeal including the time frame are questions the lawyer representing EBMA in this legal issue will answer on short notice. This trade journal will publish these answers as soon as possible.
Worlds’ biggest bike maker
The Giant Group is the biggest bike maker in the world that targets a production of 7 million units of which 2.8 million in China. The company’s 2014 sales growth in both Europe and China pushed its consolidated full-year sales figure by 10.9% to TWD 60.22 billion (€ 1.67 billion); the highest turnover in the company’s history.