The revival of Vietnamese bicycle exports is still facing problems despite the European Union removing anti-dumping duties, according to the Ministry of Industry and Trade’s Competition Authority.
The European Commission decided to scrap anti-dumping tariffs on Vietnamese bicycles last July, while many other countries continue to be subject to the duties. This resulted in the fact that a number of bicycles from other countries are shipped to Vietnam and then exported to the EU under the trademark “Made-in-Vietnam” in order to avoid the market’s anti-dumping duties, Vu Ba Phu, the Deputy Head of the Ministry’s Competition Authority, told a Vietnam News Agency reporter.
If it fails to prevent these illegal actions, the export of bicycles made in Vietnam to the EU would see an unusual “hot” growth, resulting in EU manufacturers requiring the European Commission to take sanctions, he warned.
“At that point, Vietnam ’s bicycles are at risk of being hit by anti-dumping duties again,” he stressed.
He was also concerned that if the EU resumes their sanctions on Vietnamese bikes, it will negatively affect the Vietnamese bicycle industry and damage Vietnam ’s image in international trade circles.
The EU’s decision to end its sanctions on Vietnamese bikes reflects the real developments in the Vietnamese bicycle industry and will benefit a large number of European consumers, said Phu.
“ Vietnam will resolutely fight Vietnam being used as middle-ground for exporting bicycles to the EU” in order to protect businesses and ensure the country’s reputation, he stated.
According to the official, the Ministry of Industry and Trade has asked all concerned ministries, department and localities to watch out for such trade fraud as well as closely monitor foreign invested bicycle projects, to prevent any attempt to take advantage of the EU removing anti-dumping duties on Vietnamese bicycles.
“The ministry is willing to cooperate with the EC to conduct investigations and punish cases relating to the illegal shipping of bicycles,” said Phu.
The Vietnam Automobile, Motorcycle and Bicycle Association needs to closely supervise the output of domestic bicycle producers and promptly discover cases of fraud./.
The European Commission decided to scrap anti-dumping tariffs on Vietnamese bicycles last July, while many other countries continue to be subject to the duties. This resulted in the fact that a number of bicycles from other countries are shipped to Vietnam and then exported to the EU under the trademark “Made-in-Vietnam” in order to avoid the market’s anti-dumping duties, Vu Ba Phu, the Deputy Head of the Ministry’s Competition Authority, told a Vietnam News Agency reporter.
If it fails to prevent these illegal actions, the export of bicycles made in Vietnam to the EU would see an unusual “hot” growth, resulting in EU manufacturers requiring the European Commission to take sanctions, he warned.
“At that point, Vietnam ’s bicycles are at risk of being hit by anti-dumping duties again,” he stressed.
He was also concerned that if the EU resumes their sanctions on Vietnamese bikes, it will negatively affect the Vietnamese bicycle industry and damage Vietnam ’s image in international trade circles.
The EU’s decision to end its sanctions on Vietnamese bikes reflects the real developments in the Vietnamese bicycle industry and will benefit a large number of European consumers, said Phu.
“ Vietnam will resolutely fight Vietnam being used as middle-ground for exporting bicycles to the EU” in order to protect businesses and ensure the country’s reputation, he stated.
According to the official, the Ministry of Industry and Trade has asked all concerned ministries, department and localities to watch out for such trade fraud as well as closely monitor foreign invested bicycle projects, to prevent any attempt to take advantage of the EU removing anti-dumping duties on Vietnamese bicycles.
“The ministry is willing to cooperate with the EC to conduct investigations and punish cases relating to the illegal shipping of bicycles,” said Phu.
The Vietnam Automobile, Motorcycle and Bicycle Association needs to closely supervise the output of domestic bicycle producers and promptly discover cases of fraud./.
