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Assocal expects Italian footwear to benefit from EU-Japan FTA
2018/9/21 14:18:33 Source: / Author: 点击率:

Industry body Assocalzaturifici believes the footwear sector will be among those to benefit from the EU-Japan Economic Partnership Agreement (EPA), which was agreed in July.

When the agreement comes fully into force it will remove 99% of the tariffs paid by EU companies exporting to Japan. It is the largest trade deal ever negotiated by the EU and will create a trade zone covering 600 million people and nearly one-third of global GDP.

“Japan loves Italian footwear, it understands the value and the quality, the craftsman culture,” said Andrea Brotini, Assocalzaturifici vice chairman in charge of Asian markets. “For many years, however, customs duties and the system of quotas limited exports to the country.”

In 2017, Italy exported 2.5 million pairs of shoes to Japan for a value of €200.9 million, respective decreases of 8.6% and 5.9% compared to the previous year. This decline continued in the first five months of 2018, when exports fell 3% in volume and 9.8% in value.

Mr Brotini said it will take time before the effect of the EU-Japan EPA is felt. He pointed out that there were plenty of Japanese visitors to the Micam exhibition (September 16-19) and said Shoes from Italy Tokyo, which will take place in the Japanese capital in February 2019, would offer another opportunity for Italian shoe companies to showcase their products to the Japanese market. This event is co-organised by Assocalzaturifici and Italian Trade Agency ICE.

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