Shoes likely to remain attractive even after 14% levy
24 Oct '06
1 min read
Domestic small shoe manufacturers would have to face serious difficulties once the EU implements the 10 percent anti-dumping tax on leather footwear that was recently finalized.
Including the import duties and anti-dumping tariffs, the expense totals upto 14 percent.
Though this amount is much lower than that expected, the smaller enterprises would struggle to make sufficient profits.
These duties would be applicable to exporters as well, who expect to receive lesser demand from the EU markets while paying huge taxes.
Industry sources plead that if the enterprises accept orders, they will suffer losses, and if not, they will be rendered jobless.
Nevertheless, Vietnam Leather and Footwear Association (Lefaso) informs that different level of duties would be levied on varied products.
However, enterprises were assured that demand for Vietnamese footwear would not go down drastically as Chinese products would have to pay heavier tax, making them more expensive and less preferable.
marketing@alchempro.com
