EU extends anti-dumping tax on leather shoes from Vietnam and China

The European Union (EU) has decided to continue imposing its anti-dumping tax on leather shoes imported from Vietnam and China despite the opposition of most EU member countries.

The decision was released by the European Commission (EC) – the executive body of the EU – on October 2 as it reviews the current anti-dumping tariffs, which were imposed in 2006 and are due to expire on October 7, 2008.

A spokesperson of the EU trade commissioner was quoted by Reuters as saying that the EU will review tax imposition measures in a rapid and effective manner.

The review may last 15-20 months, however, the EU said that it hopes to shorten it and consider the possibility for a duty reimbursement if the review proves that the tax is unnecessary.

Last week, most EU member countries opposed the idea of extending anti-dumping tariffs on leather shoes imported from Vietnam and China. They said that these products are made in low-cost markets which benefit EU consumers given the current economic recession.

VOV

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