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Asian shoes slapped with two years of extra import duties

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Asian shoes slapped with two years of extra import duties

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Imposing controversial duties on shoe imports for two years: The European Union has settled a long-running internal fight between protectionists and free traders over whether to impose anti-dumping duties on Asian shoe imports… Ambassadors have adopted a compromise.

Just days before a deadline, diplomats said nine of the EU’s 25 countries approved the duties plan. Four more abstained. This denied opponents, led by the free-trading Nordic countries, the majority required to block it. Big shoe-producing countries have been calling for it ever since market limits were removed and imports surged. The proposed additional duties of 16.5 percent for leather shoes from China and 10 percent for Vietnam will now be rubber-stamped by ministers without debate this Thursday. The provisional duties were to expire after midnight then. A representative of British retailers, who campaigned hard against the duties, slammed the decision, calling it wholly political and anti-consumer, as it is likely to mean they will pay higher prices.