End of anti-dumping leads to surprising fall in Vi - footwearbiz: Lead

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End of anti-dumping leads to surprising fall in Vietnamese imports

29/09/2011
Vietnamese footwear exports to the European Union have fallen sharply in recent months in spite of the lifting of antidumping duties of 10% on imports of shoes with leather uppers on March 31.

Shipments of leather shoes from Vietnam dropped 22.8% in value in the first quarter of 2011, when the anti-dumping measures were still in place.

However, in the second quarter, when importers no longer had to pay the extra 10%, shipments of shoes from Vietnam to the EU fell even further, by 61% in April and May compared to the same months in 2010.

Diep Thanh Kiet, deputy chairman of the Vietnam Leather and Footwear Association, said local shoe makers had boosted exports to other markets to ease the impacts of the anti-dumping duties. As a result, the EU now accounts for half of Vietnamese footwear shipments, down from 65% previously, he said.

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