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Canada steps on Vietnam’s shoes
If it wasn’t tough enough already for Vietnam’s footwear exporters, it just got tougher.
Vietnam's Competition Management Department announced that Canada will slap three Vietnamese exporters with anti-dumping tariffs for waterproof shoes.
Vinh Long Footwear, Pou Yuen Vietnam and Fulgent Sun Footwear – have been handed out duties of 15.8 percent, 7.3 percent and 3.4 percent respectively.
The Canada Border Services Agency began investigating waterproof rubber shoes and soles imported from Vietnam and China in late February, after lobbying from the Shoe Manufacturers’ Association of Canada.
This is the second time that Canadian shoe manufactures have filed an anti-dumping complaint against waterproof footwear from Vietnam. In 2002 the Canadian International Trade Tribunal began an investigation of Vietnamese exporters, but found no evidence of dumping.
Shoe exporters have been hit hard this year. A decision by the EU to remove Vietnamese shoes from the list of Generalized System of Preferences (GSP) from early 2009, while slapping its own anti-dumping duties on the products, have taken a bite out of an estimated $US 2 billion market.
The GSP program was designed to help developing countries enjoy virtual subsidies on some listed goods.
Vietnamese footwear exporters earned US$93 million on the Canadian market last year, making Vietnam the second largest exporter to Canada after China.
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