EU proposes extending anti-dumping tax on China shoes

13/10/2009 12:00 - 555 Views

Oct. 8, 2009 (China Knowledge) - The European Commission has proposed extending anti-dumping tax on shoes imported from China and Vietnam for at least 15 months, the Reuters reported, citing unnamed sources from the EU.

The tax, if approved, will take effect from Jan. 3, 2010.

However, the proposal is still opposed by most EU countries, and EU's member states are expected to vote for the plan on Nov. 12, according to the sources.

Shoe manufacturers in the Asian countries are accused of having been receiving "disguised subsidies" from the governments, including cheap financing, tax breaks and land-rent incentives, which enable them to sell their products to EU at below cost price.

October 8, 2009

Source: www.chinaknowledge.com