News
European consumers willing to buy more Vietnamese products
17/07/2008
Vietnamese Government and corporate representatives have voiced concern about the European Union's (EU) removal of Generalized System of Preferences (GSP) for footwear imports from Vietnam in 2009-2011. Speaking to The Saigon Times Daily Antonio Berenguer, trade counselor of the Delegation of the European Commission (EC) to Vietnam, elaborated on the action and its possible impact on two-way trade between the EU and Vietnam. Excerpts:
China Remains On Top Despite Pressures
14/07/2008
SHENZHEN, China—It’s far too early to write China’s obituary as bicycle factory to the world. Yes, Chinese manufacturers are grappling with a now familiar litany of profit-squeezing challenges including higher labor costs, higher government taxes and a currency that keeps getting stronger against the dollar.
China's Tire Makers Not Deflated By Dumping Duties
14/07/2008
HONG KONG -The U.S. Commerce Department on Tuesday set final anti-dumping duties of up to 210% on millions of Chinese-made off-road tires for big trucks and other commercial/industrial vehicles. However, Chinese tire manufacturers are expected to see limited impact from the ruling amid a global shortage of such tires.
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