May 30, 2006
Harley-Davidson applauds trade agreement with Vietnam
Milwaukee, Wisconsin – Harley-Davidson has voiced approval of a new U.S.-Vietnam trade agreement, which will lift Vietnam’s ban of large-displacement motorcycles and prepare for that country’s gradual adoption of a basic licensing system, relaxed distribution restrictions and a 60 per cent reduction in tariffs on heavyweight motorcycles.
Harley-Davidson opened a dealership in Beijing in April 2006, the company’s first dealership in mainland China since before World War Two, but has not yet announced any definitive plans for selling motorcycles in Vietnam. The company first exported motorcycles to Japan in 1912 and sold more than 11,000 in that country in 2005. International markets account for about 20 per cent of Harley-Davidson’s annual sales.