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Sunday, May 23, 2010

Chinese imports: WHO Enquiry

The World Trade Organization judges agreed to investigate whether European Union anti-dumping tariffs on Chinese shoes unfairly does harm China’s exporters. After months of consultations with the EU failed to resolve the dispute, China asked for arbitration. The EU slapped high duties on Chinese and Vietnamese leather shoes in 2006 to counter below-cost or “dumped” imports. Four- fifths of the EU’s leather shoes come from Italy, Portugal and Spain, where producers are trying to become more competitive, according to the 27-nation bloc. According to the Chinese Ministry of Commerce the EU’s anti-dumping law has discriminatory provisions against China and unfarely impairs the legal rights and interests of Chinese enterprises.

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