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EC accuses Vietnamese Govt. for special supports to shoes exporters
25 Feb '06
1 min read
“Vietnam Government should either stop subsidiary in all aspects for footwear exporting enterprises to EU market or stick an appropriate price level so that their enterprises could avoid severe anti-dumping duties,” said Christoph Wiesner, EC's current delegation leader stated at a news conference on February 23.
EC has decided to impose a common 16.8 percent duty on Vietnamese shoes marketed in EU (coming in force since April 7, 2006), as their investigation reveals provision of government subsidiary for domestic footwear enterprises.
The EC investigation was carried out at eight enterprises where investigators discovered Government subsidiaries being offered preferential banking credits, tax incentives etc, explained Wiesner in Hanoi.
Another EC delegation is to visit Vietnam early March, to continue negotiating with the local agencies so as to seek mutual and profitable solutions over the issue, he added.
EC has decided to impose a common 16.8 percent duty on Vietnamese shoes marketed in EU (coming in force since April 7, 2006), as their investigation reveals provision of government subsidiary for domestic footwear enterprises.
The EC investigation was carried out at eight enterprises where investigators discovered Government subsidiaries being offered preferential banking credits, tax incentives etc, explained Wiesner in Hanoi.
Another EC delegation is to visit Vietnam early March, to continue negotiating with the local agencies so as to seek mutual and profitable solutions over the issue, he added.
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