NEWSGD.COM
Home | About Us | Contact Us | Site Map | Chinese
News | Biz | Pearl River Delta | Enjoy Life | Culture | Travelling | Pics | Cities & Towns | Gov Info | Specials
Home > Specials > 99thCantonFair > 99thFairNews
Shoe exports hit by European tariffs
Latest Updated by 2006-04-14 18:01:48
Related News
Shoe firms walk on thin ice with duties, prices
Chinese shoemakers ally to battle EU tariffs
China
Buddhist values pave way for world peace
China Relaxes Foreign Exchange Control
County mayor solicits advice at popular online community

>>>Click into special report: 99th Chinese Export Commodities Fair

China's shoe exports are likely to be hit this year by anti-dumping tariffs imposed by the European Union (EU), according to a senior trade official.

The tariffs have hit orders for leather shoes at the 99th Chinese Export Commodities Fair (CECF), due to open this weekend in Guangzhou, according to Xu Bing, deputy secretary-general for the exhibition.

He said that deals signed with EU buyers were expected to decrease.

The EU officially launched a 4.8 per cent provisional tariff on imports of Chinese leather shoes recently, claiming these products were sold on the EU market at prices below the cost of making them.

The European Commission said it had "clear evidence of disguised subsidies and unfair state intervention in the leather footwear sector in China and Viet Nam."

The tariffs will gradually increase to nearly 20 per cent by October.

Many domestic footwear companies have joined together to defend their sales to Europe.

Xinhua News Agency reported that more than 150 shoemakers in China formed an alliance earlier this month, jointly raising 3 million yuan (US5,000) to contest the EU's decision.

Fifteen companies were selected to form an executive committee to lead the alliance's fight against the EU's dumping claim.

The alliance will argue exports have not harmed the European shoemaking industry.

If they succeed the European Commission will cancel the current punitive duties collected from made-in-China shoes. If they fail, the duties will continue for at least a year.

It is not the first time that participants at the CECF have suffered from trade protectionism from abroad.

A previous well-known target was China's textile industry, which was criticised last year.

The United States last year adopted safeguard measures against imports of Chinese textiles and garments, restricting the annual growth of imports for certain Chinese textile products to under 7.5 per cent.

When the 98th session of the CECF was held last October, the two governments had not yet reached an agreement over textile products.

According to statistics from the commerce ministry, contracted garment exports to the US stood at US.5 billion at the last session, down 13.8 per cent from the 96th show in the autumn of 2004.

US visitors to the textile section have declined sharply and contracts with US buyers have dropped by 38.3 per cent from the 96th session.

CECF, the largest export exhibition of China, attracts foreign buyers from all over the world, who place both short-term orders for the coming months and long-term ones for future years.

Editor: Yan

By: Source: China Daily Website
Previous:    Next:Hotels fight for business as Canton Fair draws near


Guangzhou collector buys ex-US president's limousine


Guangdong listed 78 Intangible Heritage


[Group Photo]Xiangjiang Safari Park


Las Vegas Sands Co. invests 2 bn USD in Hengqin Island


Maggie Q Learns mission impossible
This site contains material from other media for content enrichment purpose only.
The Southcn.com website do not endorse such content and do not bear the joint responsibility of their copyright infringement.
The views expressed in written material posted to the bulletin boards of Southcn.com are those of the authors and/or publishers. The Southcn.com website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content.
For copyright infringement issues, you shall contact Southcn.com within thirty (30) days. Email: falv@southcn.com
If you find any error in this page, please drag your mouse to mark the text with error, then press "CTRL" and "ENTER", to inform us. Thanks for your help!
Home  |  About Us  |   Contact Us  |  Site Map  |  Chinese
©2005 WWW.NEWSGD.COM. All rights reserved.registered number 020074 Terms of Use | Advertise | ICP Certificate No.B2-20050252
Guangdong Gov Link
Guangdong Gov Brief
State Structure
Guangdong in Brief
Laws & Regulations
Exchange Rate
Guangdong Guide
   
Museum Museum
University University
Eat Eat
Shopping Duting
Night Life Night Life
Weather Weather
Phone No. Phone Num
Consulate Consulate
Airport Airport
Travel Tips Tours Tips