EU’s Bike Imports from Cambodia Grows Enormously
During the first half of 2013 the import of bicycles in the 27 European Union member states dropped with a big 11%. Almost all EU bike supplying countries saw their export drop; except for one. Cambodia stands out as their export of bicycles to the EU is accelerating year by year. … Cambodia’s six bike making facilities profit from the big relaxation in the General System of Preferences (GSP) rules with which the European Union grants trade benefits to Least Developed Countries (LDC’s). It brings them the import duty free status for bike export to the EU which saves 14% import tax on complete bikes while there’s no dumping tariff to consider. … These benefits, next to much lower labor costs (minimum wages in Cambodia are set at just US$ 61 – € 45 per month) compared to other bike producing and exporting countries results in a bike export to the European Union markets that is accelerating every year. …
Jack Oortwijn
http://www.bike-eu.com/Sales-Trends/Market-trends/2013/10/EUs-Bike-Imports-from-Cambodia-Grows-Enormously-1379624W/
