Peru Not Levy Antidumping Duties on Vietnam Shoes

Peru’s National Institute for the Defense of Competition and Intellectual Property (Indecopi) has announced that they will not impose antidumping duties on cloth-upper shoes from Vietnam and China, said the Vietnam Competition Administration Department under the Vietnamese Ministry of Trade and Industry.

 

The announcement was made after Indecopi have finished its investigation upon a petition from Peru’s Leather, Shoe Industry and Related Components Corporation (CCCA) that cloth-upper shoes from Vietnam and China were being dumped on the market.

 

CCCA failed to prove with Indecopi that the imports of cloth-upper shoes from Vietnam and China are causing damages to Peru’s cloth-upper shoes producing sector. However, CCCA does not agree with the result and said it will file a lawsuit to the court.

 

Vietnam’s footwear sector is set to produce 720 million pairs in 2010, raking in total revenue of US$6.2 billion from exports, said Bui Xuan Khu Deputy Minister of Industry and Trade. (http://www.baothuongmai.com.vn)