EU removes anti-dumping tax on Vietnamese footwear

From today (April 1), the anti-dumping tax on Vietnamese leather shoes has been officially abolished by the European Union (EU).

This information was officially announced by the Directorate General of the European Commission (EC) to the Vietnam Leather and Footwear Association.

Since October 2006, the EC has decided to impose an anti-dumping tax of 10% on leather shoes imported from Vietnam for 2 years. The EC then extended this tax for another 15 months, from February 31, 2009, with an anti-dumping tax rate of 10%.

That decision caused Vietnam's leather and footwear export market share to the European market to decrease from 15% in 2005 to 10% in 2009. The removal of the above tax rate will open up many opportunities for Vietnamese leather and footwear manufacturers to continue expanding their market share in Europe.

In 2010, Vietnam's footwear export growth reached about 5.3 billion USD. In 2011, due to the abolition of anti-dumping tax on the EU, Vietnam's footwear export is expected to reach about 5.5 billion USD.

According to VOV