Anyone aware of any Bangladesh based bike companies, that may benefit from a reduction in duty?
BBC News - UK to cut import taxes from some of world's poorest countries
https://www.bbc.co.uk/news/business-62557128
Apparently giant and Bianchi have manufacturing facilities there, any others?
Is it linked to ensuring decent working conditions?
What, exploiting poor countries by encouraging them to sell-off vital things like food to resource hungry westerners whilst others go hungry?
AKA Empire II the resurrection…
What, exploiting poor countries by encouraging them to sell-off vital things like food to resource hungry westerners whilst others go hungry?
AKA Empire II the resurrection…
No, it's giving those people/factories a larger market without the UK government taking a cut of their profits.
Anti dumping
Serves a purpose
https://www.gov.uk/government/collections/anti-dumping-duty-measures#:~:text=Anti%2Ddumping%20duty%20is%20an,in%20the%20exporte r's%20home%20market.
Anyone aware of any Bangladesh based bike companies, that may benefit from a reduction in duty?
India looks set to gain most when it comes to bikes exports. Bangladesh is already exporting here duty-free under the GSP system if the bikes meet certain regs. What's about to change is the % of locally-made parts can be slightly lower to qualify and/or what actually counts as 'made in', and the name of the system. But the anti-dumping rules on Chinese content still apply wherever the bike is assembled.
Is it linked to ensuring decent working conditions?
Unlikely, I expect it's just about where parts/products originate. Factory conditions would be covered by audits wherever they are.
Apparently giant and Bianchi have manufacturing facilities there, any others?
Loads, esp if you consider all 'developing countries' who come under the GSP scheme.
https://www.gov.uk/government/publications/trade-remedies-notices-anti-dumping-duty-on-bicycles-and-bicycle-parts-from-cambodia-china-indonesia-malaysia-****stan-philippines-sri-lanka-a/blockquote >
Potentially misleading URL / headline on that, that's actually about the anti-dumping rule on China, how it includes anything from China consigned via other countries unless certain terms are met (anti-circumvention rules). There's no ADD on bikes from Cambodia, Sri Lanka etc unless they're classed as Chinese by content.
If the mention of Bangladesh or 'developing countries' makes someone think of unethical labour practices but they haven't given all those Chinese made bike parts and frames a second thought.. sorry to open a can of worms but..