Representatives from the bicycle industry proposed a reduction in tariffs
Published Time:
2014-06-12
Representatives from the bicycle industry proposed a reduction in tariffs
Because bicycles have a significant impact on environmental protection, representatives from the bicycle industry and the director of advocacy at PeopleForBikes have proposed reducing or eliminating tariffs on imported bicycles to the United States.
Since the World Trade Organization proposed reducing tariffs on relevant environmentally friendly products, the United States Trade Representative has begun holding hearings with corporate groups.
The WTO has approved a 5% reduction in tariffs on green products in 2012, and by 2015, at least 54 categories of green products, including solar panels, gas and wind turbines, dust collectors, and catalytic converters, will be included. The United States will launch negotiations on environmental goods and services (EGA) with WTO members to add a new round of environmentally friendly green products. Specialized Executive Vice President Margevicius and members of the Bicycle Products Suppliers Association board will testify at the hearing.
Margevicius believes that bicycles, as a green and environmentally friendly product, the current 11% tariff in the United States benefits no one, especially since domestic bicycle production is not well-developed. "The high tariffs on bicycles and bicycle parts today generally do not protect high-quality domestic products. Instead, they impose additional costs, resulting in unnecessary expenses for consumers. This particularly affects low-income earners, who might otherwise choose bicycles as a mode of transportation, but now tend to opt for more expensive cars. If bicycles and related products are included in the list of green products, they will benefit from the tariff reduction policy agreed upon in 2012. The benefits of cycling are obvious, in terms of energy saving, alleviating urban congestion, and promoting a healthier lifestyle. Bicycles represent a form of zero-emission transportation, offsetting the use of other less clean commuting methods, such as gasoline-powered cars." Margevicius added.
The hearing is expected to begin next month.
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