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Indonesia aims for EU trade deal to match Vietnam in footwear exports

Vietnam has already established a trade agreement with the European bloc through the EU-Vietnam Free Trade Agreement (EVFTA), which aims to eliminate ** per cent of all tariffs. This agreement has facilitated increased Vietnamese footwear exports to the European market. Following this trade deal, Indonesia is actively pursuing a similar pact with Europe to ensure a level playing field for both Asian countries. Currently, Vietnam enjoys duty-free access for its footwear in the European market.

Europe imported footwear worth $**.*** billion during January-September ****. Vietnam emerged as the second-largest supplier, with footwear shipments totalling $*.*** billion, representing a **.** per cent share. Vietnam was second only to China, which supplied footwear worth $**.*** billion, accounting for **.** per cent of the total footwear imports during the same period. Meanwhile, Indonesia supplied footwear worth $*.*** billion in the first nine months of the previous year, equivalent to *.** per cent of Europe&#**;s total footwear imports, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion’s market insight tool TexPro.