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China Europe Export Credit Policy Opens Fire

2011/1/15 15:09:00 96

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Trade between China and the European Union is increasing.

Trade

The dispute ensued.

Although the EU may give up accusing China

footwear industry

Dumping, but European trade officials are collecting industry data so that the EU can challenge China to get low-cost loans from Chinese companies.

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The EU imposed a 16.5% anti-dumping duty on leather shoes originating in China in October 5, 2006, with a period of two years.

After the end of 2008, it entered "sunset review". In December 2009, the European Commission again ruled that the duration of the anti-dumping duty should be extended for 15 months until March 2011.

According to the Ministry of Commerce, the European footwear industry association has not yet referred to the European Commission.

Anti-dumping

The review of the complaint means that China's shoe enterprises will continue to make efforts to stop the EU anti-dumping measures until March of this year.

However, a foreign trade official said that with the anti-dumping measures of China leather shoes to expire, some old shoe making countries such as Italy and Spain began to actively participate in the review of complaints.

Recently, the Italy Footwear Manufacturers Association (ANCI) once again complained to the European Commission about unfair competition from Asian footwear manufacturers, asking the government to continue the existing anti-dumping duties to ease the imbalance in the market.

A wave is not yet smooth.

According to Dow Jones Newswires, the European Commission (European Commission) is investigating whether China's export credit policy violates the relevant provisions of the World Trade Organization.

The action, led by the European Commission and --BusinessEurope, the largest corporate lobby group in Europe, highlights Europe's determination to solve unfair competition from China's business and government officials.

The divergence of exchange rates has damaged Sino EU relations, and when China provides assistance to high indebted European countries such as Greece and Portugal, the challenge to China's financing problem may be even more detrimental to bilateral relations.

This may make it easier for European footwear companies to do business in China.