DDS to go as 10% EC anti-dumping duty on Viet leather shoes to be effective
31 Jul '06
1 min read
There are problems a galore for Vietnamese footwear makers who face a proposed 10 percent European Commission's (EC) anti-dumping duty in shoes exports to the European Countries.
This duty will replace earlier system of Deferred Duty System (DDS) which initially charged 4.2 percent duties that will rise to 16.8 percent by September 15 when the above proposal becomes effective.
Acting head of the EC's Vietnam Delegation, Nicolas Provencal opposed this decision as it was complex, would cause negative impact on the domestic footwear industry and further, was not in line with the WTO rules.
Commenting on the adverse impact of this move, Lefaso Chairman Nguyen Gia Thao argued that lives of 500,000 workers employed in the shoe industry is at stake as these duties were high and unfair enough to discourage potential customers from the region.
Children's shoes would now be covered under these duties as they were earlier exempt, he added.
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