Leather upper shoes exports to EU subject to 10% tax

04/10/2007 12:00 - 1133 Views

The EU has decided to impose the anti-dumping tax rate of 10% on Vietnam-made leather-upper shoes and 16.5% on Chinese products, valid for two years.
Currently, a temporary tax rate of 16,8% and 19.4% is imposed on Vietnam-made and China’s leather-upper shoes respectively. However, this duty would no longer in effect from tomorrow.

Prior to that, there existed two different viewpoints among 25 EU member countries. Those who concerned about fierce competition from Asia wanted to satisfy domestic shoes producers while those who supported local retailer in accession to cheap products strongly opposed to the imposition of high tax.

The result from secret ballot showed that 13 countries supported high tax application while only 12 members against imposing new duty on Vietnam and China sourced leather shoes products.

According to statistics figure, China shoes exports accounted for half of 2.5 billion pairs of shoes on EU market, while Vietnam only exported about 265millions pairs in 2005.

05/10/2007

Source: BBC