Today’s Ottawa Citizen (Sept 27) has another re****t
about the Canadian International Trade Tribunal's (CITT)
recommendation that the federal government impose a
30% tariff on bicycles im****ted from various offshore
countries, including China.
The good news is that the proposed tariff would only
apply to bikes with a retail value of $400 or less.
In other words, high-end bikes have escaped the
possibility of higher costs as a result of this
CITT recommendation.
Nevertheless, Canadians are still paying lot of
money because of tariffs on im****ted bikes. A press
release by the Independent Bicycle Retailers of
Canada on Newswire states that:
"The proposed 30% surtax would be applied in
addition to two existing protections - a 13%
customs tariff that is applied to every bicycle
im****ted into Canada irrespective of origin
and special antidumping duties ranging from
5-50% that have been imposed on bicycles from
Taiwan and China for well over a decade."
Below are some additional sources of information.
--
Michael McGoldrick
Ottawa, Ontario, Canada
e-mail: mcsail@[EMAIL PROTECTED]
web sites: http://sailquest.com
Wording from the executive summary of the
CITT recommendation:
"REMEDY RECOMMENDATION
Having regard to all the relevant factors,
the Tribunal considers the most appropriate
remedy in this case to be a surtax set at 30
percent in the first year of application,
25 percent in the second year and 20 percent
in the third year.
The Tribunal recommends that the surtax be
applied to im****ts of bicycles, assembled
or unassembled, with a wheel diameter greater
than 38.1 centimetres (15 inches) with an
FOB value of CAN$225 or less (equivalent to
CAN$400 retail), subject to the exclusion of
im****ts from free-trade agreement partners and
certain developing countries (see Chapter V),
and the exclusion of certain types of bicycles
(see Chapter IV)."
See the full CITT do***ent at:
http://www.citt-tcce.gc.ca/safeguar/global/finalrep/gs2e001_e.asp
Independent Bicycle Retailers of Canada Press Release on Newswire:
http://www.newswire.ca/en/releases/archive/September2005/26/c3834.html
Various news stories:
http://www.cbcunlocked.com/artman/publish/article_462.shtml
http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/1126295910303_18/
http://cnews.canoe.ca/CNEWS/Canada/2005/09/02/1200264-cp.html
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