China lowers tariffs on leather footwear imports

04/12/2015
China’s ministry of finance has announced reduced import tariffs for a range of consumer products, including leather footwear.

Tariffs for leather shoe imports will reduce from more than 20% to 12% in 2016, making it cheaper for retailers to bring into the country footwear from brands in Europe and other parts of the world.

Research and testing organisation SGS said on learning about the Chinese government’s decision to lower tariffs that it expects footwear consumption in China to increase and that the move will present “huge business potential” for international footwear brands.