South Korea Signs Free Trade Agreement With Canada To Promote Footwear Trade

In a joint statement, the trade ministers of the two countries praised the free trade agreement as a "landmark achievement". They will fully tap the potential of bilateral economic and trade relations and provide more opportunities for mutually beneficial cooperation between the countries.

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P, Canada's Ministry of foreign affairs, trade and development, said that the agreement is the first free trade agreement between Canada and Asian countries, and is expected to boost growth of 32% of Canadian exports and increase 1 billion 700 million yuan for the country's total domestic economy.

Similarly, the large southern enterprises have also obtained fair competition opportunities with countries such as the United States and the European Union. These countries have signed free trade agreements with < a href= "//www.sjfzxm.com/news/index_c.asp" > Korea < /a >.

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According to the < a href= "//www.sjfzxm.com/news/index_c.asp" > Free Trade < /a > agreement, South Korea will directly give Canadian products 81.9% of the tariff rules, 90.2% of the non-agricultural products tariff rules 90.2% and 99.8% of the tariff rules of textile and footwear products with duty-free treatment.

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< p > Canadian exporters are more interested in leather dresses and tanned furs, or fur which are directly used for making garments. They will receive direct duty-free treatment.

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At the same time, Canada will directly give Korean products 81.5% of the tariff of non agricultural products to tax exemption. However, only 5.7% of the product tax codes of < a href= "//www.sjfzxm.com/news/index_c.asp" > clothing "/a" can enjoy tax exemption directly, but in the next 3 years, this figure will rise to 100%.

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< p > for footwear products, 34.8% of the products in the tariff will be duty-free. The Canadian government will gradually abolish tariffs on other products in the tax code in the next 5 to 11 years.

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< p > related links: < /p >

< p > "shoe assembly process is of great significance.

In Italy, only high skilled hands can produce a pair of high quality shoes.

The general manager explained and added that in Italy, the average price of a pair of domestic shoes is about 90 euros, while Chinese consumers are willing to pay as high as 150 euros.

"Chinese customers do not like to pay import duties, but they are willing to buy all those shoes made in Italy."

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< p > another brand that decides to remain in Italy is Patrizia Pepe, also famous in Europe.

In from March 2nd to 5th, the company held a new product line in Italy Milan international shoes exhibition.

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< p > but there is no migration situation in Italy shoe making industry. Some brands choose overseas countries such as Romania to produce shoe upper and then pport them back to Italy to assemble them in the name of "Italy made".

Coleto, chairman of the Italy national Footwear Manufacturers Association, which has 700 shoe making companies, said: "after so many years, we still can not make amendments to the EU rules relating to the rules of origin labels, only to show that the European market lacks strategic vision.

Nowadays, even in the EU countries, the growth of footwear consumption is obvious. Importers' demand is to use low price and low quality products to earn large profits without knowing the consumers.

We are not against manufacturing migration, but against the actual "production migration", and at the same time, borrowing the defects of laws and regulations, claiming that this is not a real Italy manufacturing "Italy made" behavior.

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