PHNOM PENH, Cambodia - The slow recovery of the Cambodian bicycle export to the European Union prompted the country's five assemblers to look for new markets. The once leading importer of bicycles into the EU-27 is also facing fierce competition of other major bicycle exporting countries like China and Bangladesh.
DHAKA, Bangladesh - Known as a manufacturer of textiles, garments, lingerie and chemicals, Panam Group diversified into the production of bicycles a year ago. The company is keen to expand into newer sectors and found bicycle production and its exports a potential area thanks to the favourable duty structure for Bangladesh-based bicycle exporters to the European Union (EU).
BRUSSELS, Belgium - Trade agreements with India and Indonesia would disrupt the bicycle industry supply chain for EU-based companies. Usually concluding such agreements is a long-term process but the EU attributes great importance to these types of agreements. Discussion between the EU and the countries continue.
BRUSSELS, Belgium - The European Commission launched an expiry review of the anti-dumping measures applicable to imports of bicycles from the People's Republic of China. For this review DG Trade will hold hearings, mail questionnaires to producers and visit companies. The request was submitted by the EBMA (European Bicycle Manufacturers Association) representing the bicycle industry in Europe.
LUDHIANA, India - To boost local manufacturing and reduce the country's dependency on imports, the Modi government launched an incentive scheme for 13 sectors in 2020. Other objectives were to attract foreign direct investments and to expand exports. Now the bicycle industry also wants to be included in this scheme.
PHNOM PENH, Cambodia - The group of five bicycle making companies in Cambodia are quickly losing ground on the international bicycle market. Once moved quickly from Vietnam to Cambodia for beneficial import rates at its main markets years ago, it is now rapidly losing market share to China, Taiwan, Bangladesh and Sri Lanka.
