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1/13/06

MSN Money : EU Refuses Status for Chinese Shoe Companies

MSN Money

EU Refuses Status for Chinese Shoe Companies

BRUSSELS, Belgium (AP) - European Union governments have refused to recognize that 13 Chinese shoemakers operate in market economy conditions, a move that will make it more difficult for them to prove that they are not selling footwear below cost.

The EU is investigating claims that imports of below-cost leather and sports shoes from China and Vietnam are undercutting European shoemakers, and could introduce extra charges on imports to protect the European industry.

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