EU to allow GSP certificate for Vietnam’s footwear exports

According to the Ministry of Industry and Trade, the European Commission will permit all Vietnamese goods imported to the EU market with a ‘Good Storage Practice’ certificate from 2014 to 2016.

After five years of losing on incentives, Vietnam’s footwear industry, a key export from Vietnam to the EU market, will face more competition in the future.

At present, Vietnam is the second biggest footwear exporter to the EU market. Vietnam's footwear exports reached $7.26 billion last year, accounting for 6.3 percent of total export turnover of the country.

By My Hanh – Translated by Huyen Huong

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