皇冠体育app

皇冠体育app Government has today (Tuesday 29 November) approved the Trade Remedies Authority鈥檚 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.

皇冠体育app 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. 皇冠体育appir new exporter status will come into effect from Wednesday 30 November. 皇冠体育appy will still have to pay a countervailing duty, meaning the combined duty for the new exporters will move from 79.3% to 33.4%.

皇冠体育app Secretary of State for International Trade鈥檚 full decision can be read here, while the TRA鈥檚 final recommendation can be read .

皇冠体育app UK e-bike market was worth 拢280 million in sales in 2020 and this is expected to triple by 2024. 皇冠体育app 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.

皇冠体育app TRA published its initial recommendation in a 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.