Interviews
F.A.I.R. ready for delayed duty proposal for imported Chinese & Vietnamese footwear
11 Jul '06
3 min read
The EU is planning to impose anti-dumping duties on imported footwear from China and Vietnam, after imports exceed a certain quantity.
“While F.A.I.R. remains opposed to these anti-dumping measures in principle, since they seriously restrict trade, F.A.I.R. is nevertheless willing to consider the delayed duty proposition under certain conditions” said Paul Verrips, Secretary General of the Footwear Association of Importers and Retail chains (F.A.I.R.).”
At least the delayed duty system is predictable and affects all market participants in an equitable fashion. F.A.I.R. will therefore be able to support the delayed duty system, albeit reluctantly, so long as the original proposition is not diluted or materially altered.”“
As of April, the EU has applied provisional anti-dumping duties on leather footwear. The provisional duties of 19.4 per cent for China and 16.8 per cent for Vietnam and apply to all imports.
Last week, the European Commission proposed that these provisional anti-dumping duties should be replaced by a so called Delayed Duty System (DDS) as of October. The DDS would mean that only imports which exceed a certain threshold will face anti-dumping duties.
However the proposed duties will be higher: 23 per cent for Chinese footwear and 29,5 per cent for Vietnamese footwear. The thresholds set by the Commission before any anti-dumping duties will apply amount to 140 million pairs from China and 95 million pairs from Vietnam, which respectively amounts to 80 per cent and 92 per cent of the 2005 import levels of these countries.
“While F.A.I.R. remains opposed to these anti-dumping measures in principle, since they seriously restrict trade, F.A.I.R. is nevertheless willing to consider the delayed duty proposition under certain conditions” said Paul Verrips, Secretary General of the Footwear Association of Importers and Retail chains (F.A.I.R.).”
At least the delayed duty system is predictable and affects all market participants in an equitable fashion. F.A.I.R. will therefore be able to support the delayed duty system, albeit reluctantly, so long as the original proposition is not diluted or materially altered.”“
As of April, the EU has applied provisional anti-dumping duties on leather footwear. The provisional duties of 19.4 per cent for China and 16.8 per cent for Vietnam and apply to all imports.
Last week, the European Commission proposed that these provisional anti-dumping duties should be replaced by a so called Delayed Duty System (DDS) as of October. The DDS would mean that only imports which exceed a certain threshold will face anti-dumping duties.
However the proposed duties will be higher: 23 per cent for Chinese footwear and 29,5 per cent for Vietnamese footwear. The thresholds set by the Commission before any anti-dumping duties will apply amount to 140 million pairs from China and 95 million pairs from Vietnam, which respectively amounts to 80 per cent and 92 per cent of the 2005 import levels of these countries.
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
