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Footwear exports to bear anti-dumping taxes - EU
14
Apr '08
March 17 was the deciding day as to whether shoes exported from Macau to EU must bear the anti-dumping taxes or be given a clearance.

The result affirmed the imposition of anti-dumping taxes as EU member countries voted in favor of levying tax on Macau at the rate of 16.5 percent.

The decision came following a meticulous observation showing that from the time EU enforced anti-dumping taxes on China and Vietnam, the quantity of footwear exports from Macau increased by nearly four times its average supplies.

Post investigation reports only ascertained the doubt that China and Vietnam resorted to re-export of their footwear products via Macau.

EU member countries including France, Portugal, Spain, Greece, Italy, Rumania, Hungary, Germany, Slovenia, Bulgaria, Estonia and Poland ardently supported anti-dumping tax upon Macao.

Moreover, charges imposed on China and Vietnam is to expire on October 7 this year, and the shoes industry of EU is bound to urge the investigating Committee to make a thorough inspection before allowing goods to enter the region.

Infact, the chances are that the EU Committee will be pressed to prolong the existing measure for safeguarding the regional industry from the adverse effects of excessive imports.

Fibre2fashion News Desk - China

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