Home / Knowledge / News / Absurd to impose anti-dumping duty on footwear – experts

Absurd to impose anti-dumping duty on footwear – experts

24
Nov '09
The European Union plans to renew anti-dumping measures on imported footwear from China and Vietnam, allowing governments of its member countries to impose duties on products imported from those countries whose export prices are below local market prices.

Such measures are normally used to protect large-scale industries, such as steel and chemicals, but expert's term measures imposed on footwear as absurd, since footwear is not an industry of strategic importance.

Footwear market is an open global market and fierce competition will help erode high profit margins, which can ultimately benefit only the consumer. The Chinese and Vietnamese footwear manufacturers are in a way, subsiding, the purchases of European consumers, aver experts.

In fact, the EU has unilaterally imposed tariffs with the purpose to refuse recognition of market economy status to China and Vietnam and the European Commission wants to “prove” that these countries are dumping footwear, by comparing export costs of Chinese and Vietnamese footwear with production costs in other regions.

However, it has to be noted that competitiveness of Chinese and Vietnamese footwear and shoe industry ranks first in the world, so any comparison would show that their production costs are at low level. But by imposing anti-dumping duty, the EU is depriving its consumers of low cost footwear.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 8th Apr 2020

Retailers need to show true partnership with supply chains

The ongoing COVID-19 crisis has thrown up an unprecedented challenge...

Pic: Shutterstock

Apparel/Garments | On 8th Apr 2020

Brands & Suppliers: Caught in a bind

Brands and retailers are in a bind: they have to deal with store...

Pic: Shutterstock

Apparel/Garments | On 8th Apr 2020

Pak garment units exempted from lockdown, start production

Pakistan’s garment industry has started production following a...

Interviews View All

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Nitin Bhatia, Trend Arrest

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Top executives, Association

Top executives
Association

'Support and Outreach' huge relief for MSMEs

Lucilla Booyzen,

Lucilla Booyzen

South African Fashion Week (SAFW) is a B2B marketing platform for fashion, ...

Valter De Carli,

Valter De Carli

Savio Macchine Tessili is at the head of a group that holds a know-how of...

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search