Anti-dumping on Chinese shoes benefits India

03 Nov '07

1 min read

EU has levied anti-dumping tax on Chinese leather shoes for one year. This, however, has not benefited the European shoes manufactures, but Indian counterparts are the ones profiting, instead.

Chinese leather shoe prices are low and they are improving the quality as well. Thus, around 80 percent of China made leather shoes are imported to Europe and only 20 percent are purchased from India. Now, the trend is changing.

Although some of the European orders have shifted to India, Chinese leather shoes are still occupying about 50 percent share of this market.

In Europe, sale of low-grade shoes engages around 60 percent of shoes market, middle-grade acquires 35 percent and high-end 5 percent. Among these, Chinese leather shoes dominate the low-grade shoes market of Europe.

According to Mr Massimo Donda, Chairman of Italian Shoes Retailers Association, European manufacturers are quite unhappy of levying anti-dumping tax on Chinese leather shoes as this has led to rise in prices. Now they have to purchase these at a higher cost whereas their sale prices in Europe did not go up and they are suffering losses.

Fibre2fashion News Desk - China

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