EU ministers approve anti-dumping duties on Chinese saddles
The European Union (EU) council of ministers have approved imposing a definitive 29.6% anti-dumping duty on imports of bicycle saddles exported from China.
The Council also ordered that earlier provisional duties should be collected and at the (higher in some cases) rate of the definitive duties, because of the ‘magnitude of the dumping margins found’ and the intense ‘level of injury caused to the EU industry’ by cheap dumped Chinese cycle saddles. Nonetheless, ministers exempted two companies found not dumping saddles:Giching Bicycle Parts (Shenzhen) Co and Velo Cycle Kunshan Co, and said four other companies should pay just 5.8%.
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