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Footwear sector awaits EU judgment on anti-dumping
09
Apr '08
A bulletin issued on March 26 by the EU entailed that the anti dumping taxes imposed on Chinese and Vietnam shoes enterprises would expire by October 7 this year.

Related enterprises in the region were asked to put forward their application, in favor or against the decision, three months before the due date.

Thereafter, the EU Committee would decide whether or not to prolong the anti-dumping taxes.

However, Italy has vehemently opposed the expiry of anti-dumping taxes and has applied to the committee for prolonging the charges.

On the other hand, Chinese enterprises who having been struggling hard to overcome this turbulent phase, is also looking forward to a favorable solution.

Situations have worsened for local footwear producing and exporting firms who are surrendering to closures under the rising pressure of RMB appreciation.

Dongguan Province, known for its popular shoe industries is witnessing a slow death of its once flourishing sector and if anti-dumping taxes are prolonged, China will have to prepare itself for a devastating end of its footwear industry.

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Fibre2fashion News Desk - China


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