EC decision stamps on Vietnam’s footwear industry
24/06/2008 12:00
Speaking to the press, the deputy minister added that the industry workforce is mainly women earning low incomes.
“Additionally, the decision would cause more serious economic consequences in the context when the EU has been levying an anti-dumping tariff on
He also said the decision would not only affect
“We are totally disappointed with the EC’s decision as
The Deputy Minister said top Vietnamese leaders and officials have sent letters to relevant EU officials saying the EU’s argument was unreasonable and unjust and asking them to recheck information and data.
The EC rules that any country whose exports of a group of products exceed 15 percent of total EU imports of the same products under GSP over 3 consecutive years is considered to have reached a certain level of competitiveness and doesn’t need preferential tariffs.
However, that country can enjoy the GSP if its export revenues, though exceeding the 15 percent benchmark, represent more than 50 percent of its export revenues benefitted from GSP.
Bien said
According to Bien, many EU member countries have disagreed with the EU’s calculation and some have suggested solutions for this problem but the EC have not accepted.
The EC is slated to drop imported Vietnamese footwear from the GSP list between 2009 and 2011.
VNA
13:20' 20/06/2008 (GMT+7)
Source: english.vietnamnet.vn
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