The European Union (EU) officially removed anti-dumping duties on leather-capped shoes imported from Vietnam on April 1, said the Vietnam Association of Seafood Exporters and Producers (VASEP).
In October 2006, the European Commission (EC) decided to impose anti-dumping taxes of 10 percent on leather-capped shoes imported from Vietnam for two years.
Later, the EC continued to extend anti-dumping taxes of 10 percent for another 15 months from February 31, 2009. The decision reduced Vietnam’s share in the EU market from 15 percent in 2005 to 10 percent in 2009. The EU’s removal of anti-dumping duties will open up many opportunities for Vietnam’s leather and footwear businesses to continue expanding their shares in the EU market.
In 2011, thanks to the EU’s removal of anti-dumping duties, the Vietnam’s leather and footwear sector expects to earn an export turnover of US$5.5 billion, against US$5.3 billion last year.
(VOV)
