Taiwan Levies Anti-dumping Tax on Two China Footwear Makers

19/05/2008 12:00 - 1148 Views

Taipei, May 14, 2008 (CENS)--To curb the dumping of footwear made in China in Taiwan, Taiwan government recently demanded shoemakers in China to sign an anti-dumping agreement.

So far 48 export-oriented footwear manufacturers in China have signed such agreement with the government here; however, Ministry of Finance (MOF) lately found two of them have violated the agreement and decided to levy antidumping tax at the rate of 43.46% on the two culprits, with the tax said to be effective till March 15 of 2012.

The two violators in China are Grand Golden Enterprise Ltd. and Sixty Far East Ltd., which are reportedly subject to the high antidumping tax when they sell shoes in Taiwan.

In the wake of enforcing antidumping law on footwear makers in China that export footwear to Taiwan, the imports of China-made shoes to Taiwan has sharply declined by 47%, import value tumbled by 37%, while the per-pair average price has increased 18%, which has obviously proven the effectiveness of the government`s imposition of antidumping law on China-based shoemakers.

(by Judy Li)

2008/05/14

Source: news.cens.com