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China Complains To WTO On EU Shoe Tariffs

Tuesday, February 9, 2010

China has followed through on its threat last December to lodge a formal complaint against the European Union (EU) with the World Trade Organisation (WTO) about the extension of anti-dumping duties on Chinese made shoes.

The duties were first imposed by the EU in 2006 and extended by a further 15 months in December 2009. They were applied at rates ranging from 9.7% to 16.5% on Chinese imports and 10% on shoes from Vietnam.

China's Ministry of Commerce issued a statement asking the EU to take seriously China's strong concerns and properly resolve the dispute over shoe tariffs through consultation at an early date. If no negotiated solution is reached within 60 days, a WTO panel of three will adjudicate on the merits of the case, and make an appropriate order on the parties.

In volume terms this is the biggest dispute involving China, and a sign of its preparedness to use the levers of international bodies to further its trade interest, now that it has overtaken Germany to become the World's largest exporter.

The European Footwear Alliance, representing many of the footwear brands that have transfered their production to China, claims its members had paid around EUR800m in antidumping duties and that the EU anti-dumping measures were based on 'flawed analysis'.

The Chinese are reported to have hired the best lawyers and the message has been put out that they have a strong case. The EU itself appeared in two minds in taking its actions and appears to be responding to heavy lobbying from Italy.

In 2009 China opened a permanent WTO mission in Geneva and initiated its first legal complaints against the EU in respect of Chinese exports of iron and steel fasteners.

This last week China also announced anti-dumping duties of its own against American chicken products from February 13. According to China Daily, US exporters Tyson Foods and Pilgrim's Pride Corp will be levied duties of 43.1% and 80.5% respectively. Firms that did not respond to the Chinese investigation would be levied duty of 105.4%.

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The Report

Offshore Trusts Guide: Introduction

The History of Offshore Trusts
Development of Professional Competence in the Jurisdictions
What Future for the Trust?
The New Age of Transparency
The Swiss Association of Trust Companies
The Society of Trusts and Estates Practitioners

Offshore Trusts Guide: Jurisdictions

Bahamas

Bahamas: Legal Framework and Formation Rules and Fees
Bahamas: 2006 Private Trust Companies Legislation

Barbados

Barbados: Legal Framework and Formation Rules and Fees
Barbados: Supervisory and Licensing Regime and Fees

Bermuda

Bermuda: Legal Framework and Formation Rules and Fees
Bermuda: Supervisory and Licensing Regime and Fees

British Virgin Islands

British Virgin Islands: Legal Framework and Formation Rules and Fees
British Virgin Islands: Special Trusts Act 2003
British Virgin Islands: The Trustee Act 2003
British Virgin Islands: :Supervisory and Licensing Regime and Fees
British Virgin Islands: New Laws on Private Trust Companies
British Virgin Islands: New Private Trust Company Regulations

Cayman Islands

Cayman Islands: Legal Framework and Formation Rules and Fees
Cayman Islands: Supervisory and Licensing Regime and Fees

Cook Islands

Cook Islands: Legal Framework and Formation Rules and Fees
Cook Islands: Supervisory and Licensing Regime and Fees

Cyprus

Cyprus: Legal Framework and Formation Rules and Fees
Cyprus: Supervision, Licensing and Tax

Gibraltar

Gibraltar: Legal Framework and Formation Rules and Fees
Gibraltar: Legislation, Regulation and Supervision

Guernsey

Guernsey: Legal Framework and Formation Rules and Fees
Guernsey: Trusts Law 2007

Isle of Man

Isle of Man: Legal Framework and Formation Rules and Fees
Isle of Man: Supervisory and Licensing Regime
Isle of Man: Uses Clients and Tax Treatment

Jersey

Jersey: Legal Framework and Formation Rules and Fees
Jersey: Supervisory and Licensing Regime
Jersey: Trusts Amendment Act 2006
Jersey: Foundations

Liechtenstein

Liechtenstein: Legal Framework and Formation Rules and Fees
Liechtenstein: Regulation Supervision and Transparency
Liechtenstein: Characteristics of Liechtenstein Trusts
Liechtenstein: Foundations

Madeira

Madeira: Legal Framework and Formation Rules and Fees

Malta

Malta: Legal Framework and Formation Rules and Fees
Malta: The Trust and Trustees Act 2004

Mauritius

Mauritius: Legal Framework and Formation Rules and Fees
Mauritius: Characteristics of the 2001 Trusts Act
Mauritius: Additional Provisions of the 2001 Trusts Act
Mauritius: Tax Treatment

Monaco

Monaco: Legal Framework and Formation Rules and Fees

Nevis

Nevis: Legal Framework and Formation Rules and Fees

Panama

Panama: Legal Framework and Formation Rules and Fees
Panama: Requirements for Acting as Trust Company in Panama

Seychelles

Seychelles: Legal Framework and Formation Rules and Fees

Turks & Caicos

Turks & Caicos: Legal Framework and Formation Rules and Fees
Turks & Caicos: The Voidable Dispositions Ordinance

Vanuatu

Vanuatu Legal Framework and Formation Rules and Fees




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