The value of exports of textiles and clothing from Macao fell by 20.7% year on year between January and August according to Statistics in the region and the census agency. Exports of footwear have fallen by 62.4% over the same period, after European Union (EU) ministers imposed anti-dumping duties on leather footwear exported from Macau following top concerns about illicit trade diversion. Studies by the European Commission showed that after duties ranging from 9.7% to 16.5% was imposed in 2006 on the mainland Chinese exports, there was a huge boom in cut export prices of footwear leather from Macao. Exports textiles and clothing accounted for 59.4% of total exports of Macao in the first eight months of 2008, down 65% of the total for the same period last year.
The value of exports of textiles and clothing from Macao fell by 20.7% year on year between January and August according to Statistics in the region and the census agency. Exports of footwear have fallen by 62.4% over the same period, after European Union (EU) ministers imposed anti-dumping duties on leather footwear exported from Macau following top concerns about illicit trade diversion. Studies by the European Commission showed that after duties ranging from 9.7% to 16.5% was imposed in 2006 on the mainland Chinese exports, there was a huge boom in cut export prices of footwear leather from Macao. Exports textiles and clothing accounted for 59.4% of total exports of Macao in the first eight months of 2008, down 65% of the total for the same period last year.
» Read more: Macau: Apparel, Footwear Exports Plummet in Jan-aug