You are here: Home Breaking news EU scraps preferential tariffs for Vietnamese footwear
Document Actions

EU scraps preferential tariffs for Vietnamese footwear

23 July 2008, 21:01 CET

(BRUSSELS) - The European Union has decided to end preferential tariffs for Vietnamese-made footwear and some other goods, the European Commission said Wednesday.

EU foreign ministers, at a meeting in Brussels, on Tuesaday backed the renewal of the bloc's system of general preferences for products from developing countries from January 2009 to the end of 2011.

However, as part of the decision, they withdrew Vietnam's preferential market access for footwear, headgear, umbrellas, sun umbrellas, artificial flowers and other goods, according to the commission.

The decision was taken after the Vietnamese goods were deemed to be competitive enough not to need preferential market access.

Last month Vietnam's footwear makers warned the move would cost them over 100 million dollars and harm workers already suffering from double-digit inflation.

The European sporting goods industry, which sources much of its products from Asia, has also attacked plans to scrap the preferential tariffs for Vietnamese footwear.

Text and Picture Copyright 2008 AFP. All other Copyright 2008 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable.




Cache EUB's Breaking News Portlet as HTML
ECTACO translators
ECTACO iTRAVL NTL & Alpine series translators
Sponsor this channel
Cache EUB's Upcoming Events Portlet as HTML
Text links
Text links
Your link here