Starting March 31, the European Commission will stop levying anti-dumping duties that apply to footwear imported from Europe from China and Vietnam.
Antidumping duties have been applied in the EU for three years. Thus, Europe tried to counter shoe prices that were too low. The special taxation of footwear imported from Asian countries served as a measure of support for the European manufacturer. Fees on shoes made of leather imported, in particular from China, amounted to 16,5%, for Vietnamese shoes this rate was 10%.
Earlier, Chinese shoe manufacturers have appealed to the World Trade Organization with a complaint about the actions of Europeans. Chinese authorities called EU measures illegal and violate international trade rules.
Large footwear manufacturers such as Diesel, Adidas and Puma have also struggled with higher taxes. The companies operating under these brands have most of their production facilities located in Asian countries.