EU plans to impose minimum selling price regulations on Vietnamese leather shoes

According to Vietnam’s “Economic Times” report, the Vietnam Shoe Leather Association stated that the EU proposed that Vietnamese companies should sign a voluntary price commitment agreement to avoid being levied a 10% anti-dumping tax.
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Voluntary price commitments refer to enterprises’ commitments to sell leather shoes exported to the EU not lower than a certain price specified. This price is proposed by Vietnamese export companies, but must be recognized by the European Union.
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It is reported that if the minimum selling price agreement can be reached as soon as possible, the EU may abolish the anti-dumping duties on Vietnamese leather shoes from January 1, 2009. However, the minimum selling price agreement will expire after the EU review decision to terminate the imposition of anti-dumping duties.