Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Fashion / Footwear sector to enjoy GSP, Lefaso President
Footwear sector to enjoy GSP, Lefaso President
27
Jun '08
Mr. Nguyen Duc Thuan, President of the Vietnam Leather and Footwear Association (Lefaso) said the association submitted a proposal to the Government, ministries and branches to continue negotiating with the EU for Vietnam's footwear to enjoy the general system of preferences (GSP).

The proposal was released after the EU approved the GSP document in the 2009-2011 period, including removing GSP status for Vietnam's footwear export.

According to Lefaso, removing GSP will affect to the development of the Vietnam footwear sector, domestic business community and national economy in general.

The biggest damage is that domestic businesses will have less competitive advantage because foreign partners will move their orders to Indonesia and Bangladesh to avoid facing an additional 3.5-5 percent import tax on each pair of shoes when exporting to the EU, worth more than 100 million USD.

According to Lefaso, in 2007, the EU remained the biggest consumption market for Vietnamese shoes, bringing in the turnover of 2.6 billion USD, an increase of 33.9% over 2006.

Proposing the government continue to negotiate with the EU is very necessary because the document will be submitted to the European Commission for approval before an official decision is issued in the beginning of July 2008, said Mr. Thuan.

Vietnam Leather and Footwear Association


Must ReadView All

Bangladesh demands better prices for garment items from US

Apparel/Garments | On 21st Sep 2018

Bangladesh demands better prices for garment items from US

Bangladesh sought better prices for its exports, especially garments, ...

Courtesy: EFI

Textiles | On 21st Sep 2018

Digital textile printing expected to grow at 20% CAGR

Digital textile printing is at this time about 3-4 per cent of all...

Courtesy:  Vishal Banik on Unsplash

Textiles | On 21st Sep 2018

Pakistan's textile exports up 3.72% in July-August 2018

The value of textile and garment exports from Pakistan increased 3.72 ...

Interviews View All

Victor Chao, Esmetex

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Smarth Bansal, Colorjet India Limited

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Riddhi Jain,

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Shyam Gupta & Ravi Gupta,

Shyam Gupta & Ravi Gupta

Based out of South Delhi, Gargee Designer's provides bespoke formal and...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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


September 2018

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

news category


Related Categories:

Advanced Search