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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Chinese shoe tariff extension proposed in EU AFP - Tuesday, October 13 Send IM Story Print Chinese shoe tariff extension proposed in EU Slideshow: Full Photo Coverage: Business & Economy BRUSSELS (AFP) - – The European Commission has proposed to extend penalty taxes on Chinese and Vietnamese shoe imports by another 15 months, according to a commission document seen by AFP on Monday. Anti-dumping duties on footwear, essentially fines for exporting goods below production cost, were first applied in October 2006 and have so far cost manufacturers with operations in those countries hundreds of millions of euros. The provisions had been set to expire at the end of the year but according to the document the European Commission will recommend that they are renewed. "The anti-dumping measures on leather footwear should be maintained," the document says. According to the commission, the EU's executive arm, the European footwear industry would suffer "in the short and medium term" if the tariffs were scrapped immediately. "The duration of the measures should therefore be limited to 15 months," it said. Yet the proposed extension still needs the approval of the EU's 27 member states before it can come into effect and the measures have regularly been a source of conflict between them. The main vote faultline has run between Europe's economically liberal north, hostile in principle to anti-dumping measures, and the more protectionist south, sympathetic to fears that cheap Chinese imports could undermine EU producers. Bigger manufacturers that make their shoes in Asia, such as Diesel, Adidas or Puma, are also fighting against the renewal of the shoe tariffs. EU anti-dumping measures levy import duties of 16.5 percent on Chinese shoes with leather uppers and 10 percent on the same kind of shoes from Vietnam. Figures from the European Commission show that Chinese and Vietnamese shoes make up 30 percent of the EU footwear market. Recommend Send IM Story Print Related Articles India's Suzlon finishes retrofit of wind blades Reuters - Tuesday, October 13 CORRECTED - CORRECTED-Philippine lawmakers set aside $258 mln for relief Reuters - Tuesday, October 13 Bank of America to give up Merrill deal documents AP - Tuesday, October 13 China's Vanke says Sept sales up 27 pct on year Reuters - Tuesday, October 13 Ball Corp. selling plant in Georgia to BWAY Corp. AP - Tuesday, October 13 News Search Top Stories White House targets Fox as it goes after press critics First woman wins Nobel Economics Prize Britain unveils huge asset sale to cut debt US recession over, but employment will lag: survey Philips posts surprise profit as cost cuts help More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Boyzone singer Gately dies in Spain Dollar facing 'power-shift': analysts US Marines sweep 'Taliban' villages for home-made bombs First clown in space lands back on Earth First woman wins Nobel Economics Prize More Most Viewed » Oldest hominid skeleton sheds light on human origins More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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