Heavy task for WTO in complaints
Source: Agencies |
May 19, 2010, Wednesday
|
Print Edition
Print Edition
THE World Trade Organization launched an investigation yesterday into European Union charges on Chinese shoes, and took up complaints by South Korea and Vietnam against the United States.
The EU and China are battling over a EU decision in December to extend tariffs on Chinese leather shoes by 15 months to protect European shoe makers.
China says the antidumping duties are protectionist and damaging to free trade. It has received backing from European importers and retailers who say the charges cost shoppers millions of euros each year. But the 27-nation EU says the fees introduced in 2006 are necessary because European firms are being harmed by Chinese rivals illegally selling shoes below cost.
Countries breaking international trade rules can face WTO-authorized sanctions, usually through higher tariffs on their own exports.
The Korean and Vietnamese cases against the US deal with how Washington calculates import fees on foreign goods it suspects are being "dumped" in the US market at unreasonably low prices.
The EU and China are battling over a EU decision in December to extend tariffs on Chinese leather shoes by 15 months to protect European shoe makers.
China says the antidumping duties are protectionist and damaging to free trade. It has received backing from European importers and retailers who say the charges cost shoppers millions of euros each year. But the 27-nation EU says the fees introduced in 2006 are necessary because European firms are being harmed by Chinese rivals illegally selling shoes below cost.
Countries breaking international trade rules can face WTO-authorized sanctions, usually through higher tariffs on their own exports.
The Korean and Vietnamese cases against the US deal with how Washington calculates import fees on foreign goods it suspects are being "dumped" in the US market at unreasonably low prices.
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