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EU luxury product demand to enter into China, India and Russia

EU luxury product demand to enter into China, India and Russia

Write: Udit [2011-05-20]

France luxury product committee-Golbert and craft brother react to EU on April.25 and demand to further opening the luxury product to EU.

From the first of April, every high-class watch exported to China is imposed by 20%custom . Beijing decide to impose tax to luxury product. The general representative of France luxury committee worry that this is an ill signature to EU luxury product industry.

Therefore, France luxury product committee contact with Altagamma of Italian and Walpole of England to hope to take common active and let EU committee know the big difficulty for entering into some developed countries such as China, India and Russia.

On April.25, the commissioner take charge of trade and justice affair and Franco Frattini have welcome three associations. The simplest proof delivered by above associations is: 140 countries can enter into EU market without any tariff while other 40countreis enjoy custom preference. On the contrary, EU need not pay any custom, they demand the equal treatment between sorts of countries. The general representative of France luxury product committee show that the custom of India win is 270%, textile 100%, footwear custom 59%, leather product 17%.

Besides custom, the intellect property right is also the problem because the fake product phenomenon is very severity. Therefore, France luxury product committee support EU to deal with the measure to answer for false phenomena.

France luxury product committee will meet with the minister of India trade ministry and general secretary of WTO in June.