AGL 40.68 Increased By ▲ 2.14 (5.55%)
AIRLINK 128.20 Decreased By ▼ -1.30 (-1%)
BOP 6.17 Increased By ▲ 0.56 (9.98%)
CNERGY 4.04 Increased By ▲ 0.18 (4.66%)
DCL 8.40 Decreased By ▼ -0.33 (-3.78%)
DFML 40.68 Decreased By ▼ -1.08 (-2.59%)
DGKC 87.66 Decreased By ▼ -0.64 (-0.72%)
FCCL 34.29 Decreased By ▼ -0.71 (-2.03%)
FFBL 66.30 Decreased By ▼ -1.05 (-1.56%)
FFL 10.60 Decreased By ▼ -0.01 (-0.09%)
HUBC 108.54 Decreased By ▼ -0.22 (-0.2%)
HUMNL 14.49 Decreased By ▼ -0.17 (-1.16%)
KEL 4.62 Decreased By ▼ -0.13 (-2.74%)
KOSM 7.18 Increased By ▲ 0.23 (3.31%)
MLCF 42.35 Increased By ▲ 0.70 (1.68%)
NBP 61.65 Increased By ▲ 2.05 (3.44%)
OGDC 179.40 Decreased By ▼ -3.60 (-1.97%)
PAEL 25.89 Decreased By ▼ -0.36 (-1.37%)
PIBTL 6.05 Increased By ▲ 0.08 (1.34%)
PPL 146.20 Decreased By ▼ -0.50 (-0.34%)
PRL 23.87 Increased By ▲ 0.26 (1.1%)
PTC 16.21 Decreased By ▼ -0.35 (-2.11%)
SEARL 70.21 Increased By ▲ 1.91 (2.8%)
TELE 7.28 Increased By ▲ 0.05 (0.69%)
TOMCL 36.01 Increased By ▲ 0.06 (0.17%)
TPLP 7.84 Decreased By ▼ -0.01 (-0.13%)
TREET 15.44 Increased By ▲ 1.24 (8.73%)
TRG 50.48 Increased By ▲ 0.03 (0.06%)
UNITY 27.24 Increased By ▲ 0.49 (1.83%)
WTL 1.24 Increased By ▲ 0.03 (2.48%)
BR100 9,804 Decreased By -1.8 (-0.02%)
BR30 29,618 Decreased By -59.8 (-0.2%)
KSE100 92,105 Decreased By -199.1 (-0.22%)
KSE30 28,731 Decreased By -109.3 (-0.38%)

China has given its backing to domestic shoe exporters challenging EU anti-dumping duties, calling Brussels' move a violation of the companies' rights.
The European Union imposed 16.5 percent import duties on Chinese-made leather shoes and 10 percent duties on Vietnamese-made shoes for two years from October, overriding disagreement among member states over whether European manufacturers deserved the extra protection.
China's biggest privately owned shoemaker, the Aokang Group, and other exporters have said they will challenge the duties in a European court. And late on Sunday, China's Ministry of Commerce issued a statement supporting that challenge. "This is an effective channel for the companies to protect their legitimate rights and interests," the ministry said in a statement on its Web site (www.mofcom.gov.cn). "The Chinese government expresses its respect and support."
The ministry said the EU decision "violated the EU's own anti-dumping laws in quite a few places", including in how duties were calculated and how Chinese firms were chosen for scrutiny.
Last week, the EU Trade Commissioner Peter Mandelson visited China, where he jousted with Chinese Commerce Minister Bo Xilai over shoes, auto parts and other points of trade friction. Bo called the EU shoe duties "extremely regrettable." The European Union has joined the United States and Canada to complain to the World Trade Organisation about China's rules on vehicle part imports.

Copyright Reuters, 2006

Comments

Comments are closed.