Bicycles find new paths to EU

[geovalin]

Sor Chandara

Local bicycle exporters are adopting strategies to swerve around barriers that would impede their access to the lucrative European Union, which increased its orders for bicycles assembled in Cambodia by nearly 10 per cent last year.

For years the Kingdom’s bicycle manufacturers have enjoyed continued growth to the European market owing to their duty-free export status under the Generalised Scheme of Preferences (GSP), which exempts their shipments from the EU’s 14 per cent import duty.

The exemption has allowed Cambodia’s bicycle assembly industry to flourish and become the second-largest supplier of bicycles to the EU after Taiwan, shipping 1.7 million units in 2015.

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