EU footwear alliance decries penalty taxes on shoes
The European Footwear Alliance
criticised the European Union’s extension of punitive duties on
leather-capped shoes from Vietnam and China right after member states’
ministers voted for decision on Dec. 22.
The European Footwear Alliance
criticised the European Union’s extension of punitive duties on
leather-capped shoes from Vietnam and China right after member states’
ministers voted for decision on Dec. 22.
The alliance, which speaks for big brands such as Adidas and Clarks, said in a statement that the decision would cause losses for European consumers as they would have to buy these products at higher prices.
The decision reflects the EU’s trend to pursue protectionism rather than trade liberalisation, and big European footwear traders and consumers would ultimately pay for it, said the statement.
UK Secretary of State for Business Peter Mandelson also voiced his protest against the extension of the anti-dumping duties, first introduced more than three years ago, by a further 15 months.
Mandelson said that the European Commission should not prolong the anti-dumping tariffs because it would pose adverse impacts on development of its durable trade and investment ties with China and Vietnam .
The penalty duties - 10 percent in the case of Vietnamese shoes with leather uppers and 16.5 percent on the same kind of shoes from China - will come into force as of January 3, 2010./.
The alliance, which speaks for big brands such as Adidas and Clarks, said in a statement that the decision would cause losses for European consumers as they would have to buy these products at higher prices.
The decision reflects the EU’s trend to pursue protectionism rather than trade liberalisation, and big European footwear traders and consumers would ultimately pay for it, said the statement.
UK Secretary of State for Business Peter Mandelson also voiced his protest against the extension of the anti-dumping duties, first introduced more than three years ago, by a further 15 months.
Mandelson said that the European Commission should not prolong the anti-dumping tariffs because it would pose adverse impacts on development of its durable trade and investment ties with China and Vietnam .
The penalty duties - 10 percent in the case of Vietnamese shoes with leather uppers and 16.5 percent on the same kind of shoes from China - will come into force as of January 3, 2010./.