The EU has voted against the extension of anti-dumping duties on footwear sourced from China and Vietnam.
The vote, which was cast this morning, is a victory for UK retailers and suppliers who have been paying out in excess of £330m a year extra for leather shoes sourced from China and Vietnam, as a result of tariffs imposed by the EU.
According to a source close to the situation, 15 EU member states voted against the proposed extension of the measures, ten voted for it and two abstained from voting.
”This is a major setback for the Commission and a great success for the FTA,” said Jan Eggert, secretary general of the Foreign Trade Association that represents importers and retailers in Europe. “The Commission has been determined from the very beginning to see these duties continue, despite the negative impact they have had on our members, and we have work hard to achieve today’s result.”
However, today’s vote is not the end of the process as the issue will now go to the Member States Council for the final vote. The vote by the Member States Council is expected to take place around December 20.
The BRC claims that UK customers are paying about £330m a year extra for leather shoes sourced from China and Vietnam, as a result of tariffs imposed by the EU.
EU figures show that the duties typically add £1.60 to the cost of a pair of imported leather shoes.