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3/19/06

EU to take action against Chinese,Vietnamese shoes next week

Turkish Daily News Mar 18, 2006

"EU to take action against Chinese,Vietnamese shoes next week

The European Commission will slap duties on Chinese and Vietnamese shoes next week, acting against a flood of cheap imports that it says breaks world trade rules.

Trade officials from the European Union's 25 member states voted not to block Trade Commissioner Peter Mandelson's recommendation that they impose temporary duties of up to almost 20 percent on imports of leather shoes from China and Vietnam.

The duties will be adopted on March 22 and will be phased in from April, starting at 4 percent and rising to 19.4 percent for Chinese shoes and 16.8 percent on Vietnamese footwear over six months. Children's shoes and high-tech sports shoes will be exempted."

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