EC to Probe 3 Vietnamese Shoe Makers in Dumping Review
The European Commission (EC) will investigate three Vietnamese shoe makers to decide whether to extend antidumping duties on leather shoe imports from Vietnam, the Thanh Nien Daily newspaper reported.
Leather sports shoes will also be excluded from the review, EC officials decided following a meeting Thursday with executives of the Vietnam Leather and Footwear Association (Lefaso).
But the specific companies have not been named yet, Lefaso chairman Nguyen Duc Thuan said.
The EC’s duties of 10 per cent on leather footwear, due to expire last month after being in force for two years, will stay in place pending the review.
Thuan said the two sides decided at the meeting to reduce the review period to nine months from the previously planned 12 months.
The review would focus on prices and volumes of Vietnamese leather shoes imported into Europe after the punitive duty was slapped on in 2006, Thuan said.
Lefaso said after the 10 per cent anti-dumping tax was slapped on local shoe exporters in 2006, prices of exports to the bloc rose by 15-20 per cent by last year while volume fell from more than 100 million pairs to 90 million.
Vietnamese shoemakers will also have to pay almost double the current duty of 3.6 per cent on exports to Europe next year after the EC removes the Vietnamese footwear industry from a preferential tariff program in April. (Thanh Nien Daily)
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