European federation of footwear industries announced to give up the extension of anti-dumping duty on Chinese leather shoes when the expired date comes on March 31, that is to say 5 years long dumping duty come to end on March 31.
This is really exciting news for shoemakers in Chengdu, Chengdu city is one of four Chinese shoe production bases, where concentrated over 3,000 shoe producers and supporting companies. Overseas orders dropped by 80% since EU imposed anti-dumping duty on Chinese leather shoes.
Now they show confident and optimistic toward future EU markets, the end of dumping duty will not only benefit to Chinese shoemakers but also to buyers and consumers in EU countries, more EU buyers may come to us, said Hong Fubo, General Manager of Western Shoe Capital Co., adding that export shares to EU are expected to increase to 40% from current 10%.
