EU anti-dumping measures likely to continue
09/09/2008
The European Union’s anti-dumping duties on imports of leather shoes from China and Vietnam are set to extend into 2009 or longer, rather than expire in October as originally scheduled. Reuters said on September 8 that “people familiar with the situation” had made comments to this effect.
The anti-dumping measures came in for an initial two-year period in 2006 after European footwear producers claimed that competitor products from the Far East were being exported to Europe for a lower price than they were selling for in their domestic markets, the definition of the practice of dumping. There was opposition at the time from the Asian countries, some EU governments and leading international footwear companies that have moved large proportions of their shoe manufacturing set-ups to China and Vietnam.
The European Commission, the trading bloc’s executive arm, now plans to review whether the duties should be introduced for a second period or dropped. The review may last as long as 15 months, during which time the measures will remain in place.
The duties stand at 16.5% for leather shoes from China and 10% for Vietnam.
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