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STATEMENT TO THE PRESS, March 3. 2006

New calculations confirm considerable loss from shoe duties – Bendt Bendtsen sides with the Danish shoe industry

The Commission’s proposal for anti-dumping duties on shoes from China and Vietnam can end up costing European manufactures and consumers up to €295m a year

The European Commission proposes to introduce provisional anti-dumping duties from 7 April and six months ahead. The duties will increase progressively during the next six months to 19.4 per cent for China and 16.8 per cent for Vietnam. Children’s shoes and sports shoes are excluded.

Calculations from the Ministry of Economic and Business Affairs show that shoe manufactures with production inside the EU will gain approximately €37m a year following the proposal. However, manufactures and importers who are having their goods produced in China and Vietnam and not least the consumers will lose approximately €295m a year. In total, the EU is facing a welfare loss of almost €258m a year. In Denmark consumers can expect additional expenses of around €8m a year.

Minister for Economic and Business Affairs Bendt Bendtsen:

- I am extremely worried by this and I think the EU is heading in the wrong direction here even though the Commission’s proposal is less damaging than expected.

- Together with the Danish shoe industry I will continue the active efforts to convince the Commission about the unfortunate consequences which the anti-dumping duties will have on visionary manufactures, importers and not least consumers, who will be carrying the costs from the anti-dumping duties eventually.

- We will take this up in the EU’s anti-dumping committee already on 9 and 21 March when the proposal is to be discussed with the Commission – Bendt Bendtsen adds.

The European Commission is entitled to impose provisional anti-dumping duties for the duration of six months. Definitive anti-dumping duties have to be adopted by the Council by a simple majority and last up to five years.

 

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The Danish Ministry of Economic and Business Affairs, Slotsholmsgade 10-12 - DK 1216 Copenhagen K, Tel +45 33 92 33 50 - Fax +45 33 12 37 78 - E-mail: oem@oem.dke-mail: oem@oem.dk
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