Bicycles are the largest export of Bangladesh’s engineering sector, contributing about 12 percent of engineering exports.
This performance is in large part due to the high anti-dumping duty imposed by the EU against China.
Recently, the EU Parliament and the Council agreed on EU Commission’s proposal on a new methodology for calculating anti-dumping on imports from countries with significant market distortions or pervasive state influence on the economy.
This decision could mean that the 48.5 percent anti-dumping duty for Chinese bicycles may not end in 2018 as originally intended. China is disputing the EU’s dumping rules at the World Trade Organization.
As the global bicycle market is expected to grow to $34.9 billion by 2022, Bangladesh has an opportunity to diversify its exports beyond ready made garments. Presently, Bangladesh is the 2nd largest non-EU exporter of bicycles to the EU and the 8th largest exporter overall.
blogs.worldbank.org/endpovertyinsouthasia/bicycles-can-boost-bangladeshs-exports
