Korea Tae Kok Launched The $75 Million Nike Factory In Vietnam

The factory has an average annual production capacity of 10 million pairs of shoes, with an average annual export volume of US $160 million.

Tai Guang Industrial Corporation currently provides employment for 40000 labor force in Vietnam, with an export volume of about 400 million US dollars / year.

Nike is the world's leading sports shoes and sportswear.

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A few days ago, Edward Bianchi, Secretary of state for trade policy and management of Argentina's Ministry of production, announced that the Arab government will end its anti-dumping investigations on China's imported sports shoes next month and decide whether to take corresponding anti-dumping measures.

Bianchi said that in response to the application of the Argentina Footwear Association, the Argentina government launched anti-dumping investigations on imported sports shoes from China in March this year. The investigation was carried out by the Argentina Foreign Trade Commission and the unfair competition bureau.

He said that if the survey results ruled that imported sports shoes from China, "dumping behavior" caused serious damage to the shoe industry, the Ministry of economic affairs of Argentina will take anti-dumping measures on imported sports shoes from China.

Bianchi said that the anti-dumping investigation procedures originally prescribed by Argentina must be completed within 18 months.

As Argentina enterprises complained that the government's anti-dumping investigations were too long, the import products continued to cause harm to their enterprises during the survey period. Therefore, the Arab government decided to shorten the investigation period to less than 10 months.

According to Argentina media reports, Brazil and Argentina shoe-making enterprises are actively promoting the two governments to take anti-dumping measures against imported sports shoes from China.

The government of Brazil has ruled that Chinese sports shoes have "dumping behavior" and set the lowest reference price for imports.

Since last October, the government of Argentina has adopted a series of measures to restrict imports of Chinese products, resulting in a sharp decline in China's exports to Argentina in the first 8 months of this year.

In July this year, the Argentina Ministry of production announced import anti-dumping measures to Chinese footwear products other than sports shoes.