The United States Should Lift Tariffs On Most Footwear Imported From Vietnam To Promote Foreign Trade Development.

according to U.S.A Tariff reduction, when TPP comes into force, will eliminate most of the imports from Vietnam. Footwear tariff The current tariff is 37.5%-40%, so the elimination of tariffs will promote Vietnam's export of footwear to the United States, but Vietnam still needs to comply with the rules of plateau origin.

According to the statistics of Vietnam customs administration, Vietnam? This (2015) year's total export volume of footwear exports amounted to US $8 billion 750 million, up 17.7% over the same period (2014), the largest in the United States, amounting to 3 billion 30 million US dollars, up 26.1% over the same period last year, followed by the US $2 billion 900 million in the EU, 12.9% growth, and 542 million dollars in mainland China.

During the same period, total exports of wood products amounted to US $4 billion 900 million, up 9.3% from the same period last year, the largest in the US, reaching US $1 billion 910 million, growing 18.9%, followed by Japan, US $733 million, and growth of 3.8%.

Most of the tariffs on footwear will be reduced to zero, and a small part will fall to zero after 7 years. In addition to footwear, tariffs on wood products will also be lowered. Currently, Vietnam's two largest export destination for wood products is the United States and Japan.

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The shoemaking industry, Fengtai enterprise and F- Yu Qi shoemaking base, considering the increase in wages, brand names and global layout, have made great efforts to shift the shoe base. The mainland of China, the largest shoe making base, has been transferred to Vietnam, Indonesia, India and Burma, and also to shoemaking cadres and the supply chain.

Liao Zhicheng, executive vice president of F- Yu Qi, said:

The salary level, brand designation and global layout of the shoe base are all one of the reasons for the shift of shoemaking base. Liao Zhicheng said, F- Yu Qi currently outdoors shoes each pair of average product price (ASP) $25, the Vietnam factory set up in 2003 now each pair of outdoor shoes ASP, has been higher than the group average ASP.

Taking Vietnam as an example, the basic salary of 4 regions in the whole country has been raised since January this year. Among them, first regions, such as Hu Zhiming and Hanoi, increased their basic salaries to 3 million 100 thousand or more than 14.81%. In the second regions, such as the location of Vietnam's Yuqi industry, Xingan's basic wage increased to 2 million 750 thousand or more than 14.58%, which was about 4020 yuan in the exchange rate of NT $second on the 16 day of this month, while the basic wage increase in Xingan province was about 14% in 2016.

F- Yuqi's Vietnamese factory's basic salary, if overtime, food, insurance and other expenses are paid, the salary of each employee can reach 300 US dollars, but it is still lower than that of the mainland factory. The salary of Kampuchea's workers is only 7 to 8 of Vietnam's, so that the group production line has been transferred from Vietnam to Vietnam and Kampuchea.

Under the expansion of the operation scale of the various production bases of the group, the next year's capacity of 3 factories such as Xiangcheng, Changcheng and Hecheng in F- Yu Qi will be reduced from 62.9% to 46 to 54% in the first 3 quarters of this year. In contrast, the capacity of the Southeast Asian factory area in the non continental area will be increased to 37.1% to 46 to 54% next year in the 3 quarter of the year.

As for the 1 phase of Kampuchea Yuqi's Kampuchea plant, 5 production lines have been completed, and 5~6 production lines are expected to be completed by the end of next year, so that the proportion of its production capacity can be increased from 12 in the third quarter of this year to 12 to 16% in order to expand the layout of the operation of F-.

Baocheng and Fung Tai's Vietnamese factories accounted for 42% and 53% of their capacity in the first half of the year, respectively. After becoming the largest shoe-making production base of the group, F- Yu Qi yesterday (17) also announced that after Vietnam's Yuxing plant joined, the capacity of Vietnam's factory area next year could be increased to 34 to 38% from 31.2% in the first 3 quarters of this year.