Harley-Davidson Applauds U.S. Trade Agreement With Vietnam
25 5월 2006 - 7:38AM
PR Newswire (US)
Agreement Reduces Vietnamese Barriers to Motorcycle Imports and
Operation MILWAUKEE, May 24 /PRNewswire-FirstCall/ --
Harley-Davidson (NYSE:HDI) motorcycles can one day roll through the
cities and countryside of Vietnam, thanks to an agreement in
principle on trade that opens the Southeast Asian country to more
U.S. products. During the final round of negotiations in the
Bilateral WTO Market Access Agreement between the U.S. and Vietnam,
officials of the Office of the United States Trade Representative
were successful in eliminating or lowering longstanding barriers to
Harley-Davidson's market entry in Vietnam. In addition to lifting
an outright ban on large displacement motorcycles, Vietnam will
adopt a basic and transparent motorcycle operators licensing
system, relax distribution restrictions and reduce tariffs on
heavyweight (650cc-plus engine displacement) motorcycles by 60%
over time. Harley-Davidson has not yet announced any definitive
plans for selling motorcycles in Vietnam. However, the Company has
long been interested in expanding its presence in Asia and
considers market access of the kind provided by the trade agreement
as key to its future expansion into Vietnam. In April, 2006, in
another move into Asia, Harley-Davidson opened a dealership in
Beijing -- the Company's first dealership in mainland China since
at least prior to World War II. And the Company has long been a
major force in the motorcycle market in Japan, where
Harley-Davidson retailed more than 11,000 motorcycles in 2005.
Harley-Davidson first exported motorcycles to Japan in 1912.
"Harley-Davidson applauds the agreement that USTR reached with the
Government of Vietnam," said Harley-Davidson Vice President of
Government Affairs Timothy Hoelter. "The bilateral WTO Accession
Agreement opens up important new opportunities for Harley-Davidson
in the important Asian region. "Harley-Davidson has proven time and
again that an American company, American workers and a great
American product can compete abroad, given a more level playing
field. With the Vietnam market access agreement, the team at USTR
has shown what can be accomplished through persistence and
determination. We especially congratulate Ambassador Portman and
his colleagues, Ambassador Schwab, Ambassador Bhatia and Assistant
USTR Dorothy Dwoskin on this achievement," Hoelter said. In 2005,
sales of Harley-Davidson motorcycles grew 15 percent
internationally over the prior year. International markets account
for about 20 percent of the Company's annual motorcycle unit sales.
Harley-Davidson, Inc. is the parent company for Harley-Davidson
Motor Company, Buell Motorcycle Company and Harley-Davidson
Financial Services, Inc. Harley-Davidson Motor Company, the only
major U.S.-based motorcycle manufacturer, produces heavyweight
motorcycles and offers a complete line of motorcycle parts,
accessories, apparel, and general merchandise. Buell Motorcycle
Company produces sport and sport-touring motorcycles. Harley-
Davidson Financial Services, Inc. provides wholesale and retail
financing, insurance and credit card programs to Harley-Davidson
dealers and customers. DATASOURCE: Harley-Davidson CONTACT: Bob
Klein of Harley-Davidson, +1-414-343-4433, Web site:
http://www.harley-davidson.com/
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