Shoemaker Aokang has set an example for other Chinese businesses by winning a lawsuit it filed six years ago against the European Union over the latter's dumping charges on Aokang leather shoes. |
Aokang was one of five Chinese shoe companies subject to a 16.5% anti-dumping duty by the European Union in 2006. The companies lost an appeal in 2010, but the EU removed the anti-dumping tariffs in 2011.
Aokang pursued a second round of appeals anyway and now other Chinese shoe companies could reap the benefits. Xie Rongfang, Executive President of Wenzhou Shoe & Leather Industry Assoc., said, "Thanks to Aokang’s efforts, Chinese shoemakers will now not be subject to an additional 16.5 percent tariff. That’s very significant."
China’s Ministry of Commerce claims the anti-dumping duties left 20,000 people jobless and reduced China’s shoe exports by 20 percent from 2006 to 2010.
Experts believe that the ruling creates a legal precedent for similar international trade disputes in the future.
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