Government approves new tariff rates for two Chinese e-bike exporters

The Government has approved the Trade Remedies Authority’s (TRA) recommendation that two China-based electrical bicycle and tricycle manufacturers be given new exporter status and be allowed to pay a lower import tariff rate to export their products to the UK.

The new exporters, Jinhua Otmar Technology Co Limited, PRC, and Jinhua Seno Technology Co Limited, PRC, will now pay an anti-dumping tariff rate of 16.2%, rather than the 62.1% they previously had to pay.

Their new exporter status came into effect yesterday, Wednesday 30th November. They will still have to pay a countervailing duty, meaning the combined duty for the new exporters will move from 79.3% to 33.4%.

The UK e-bike market was worth £280 million in sales in 2020 and this is expected to triple by 2024. The change in tariff rate is expected to help meet demand in this growing market by making it possible for these new exporters to enter the UK fairly and by providing a wider range of options to UK consumers.

Read more: TfL publishes Travel in London data showing continued boom in walking and cycling

The TRA, an executive non-departmental public body, sponsored by the Department for International Trade, published its initial recommendation in a Statement of Essential Facts and interested parties had 21 days following its publication to comment on the review.

New exporter reviews allow new exporters to enter the UK market at a fair rate, rather than being penalised for not taking part in the original investigation. In this case, the TRA recommended that:
– The applicants are new exporters
– They should pay a non-sampled, co-operating overseas exporter anti-dumping amount of 16.2%, rather than the 62.1% they currently have to pay
– The new rate should be backdated to the initiation of the review on 23 June 2022.

The Secretary of State for International Trade’s full decision can be read here, while the TRA’s final recommendation can be read here.

Rebecca Morley

Recent Posts

Coros to set up direct operations in UK and Ireland after 2pure partnership ends

2pure will hand back the UK and Ireland distribution of Coros products to the manufacturer,…

4 hours ago

Hiplok: Attention bike thieves!

Sponsored article in partnership with Hiplok Now in the twelfth year of leading innovation in the…

4 hours ago

February edition of BikeBiz magazine now available

The February edition of BikeBiz is now live. Read the digital edition online here. Never miss an…

4 hours ago

Eurobike Award returns for 2023 in Frankfurt with new partnership

The Eurobike Award will be presented at Messe Frankfurt for the first time in 2023…

6 hours ago

Shimano introduces newly redesigned S-Phyre and Aerolite eyewear models

Shimano has introduced the newly redesigned second-generation S-Phyre and Aerolite eyewear models. They feature Ridescape…

7 hours ago

Primal Europe launches ‘Cycle Camera’ jersey

Primal Europe has today launched a 'Cycle Camera' jersey. One year on from a new…

1 day ago