1. International trade

3. This can affect the shoe industry in the EU because more and more people are finding it easier to access cheaper shoes of a similar styles and fabric, which in some cases, result in some shoe manufactures in the EU going out of business.

5. Trade The EU imports from Vietnam concentrated on labour intensive products including footwear Vietnamese exports to the EU benefit from the EU's Generalised System of Preferences (GSP), a factor which has contributed to Vietnam's impressive export performance. The GSP grants tariff reductions to developing countries such as Vietnam. Vietnam’s growth suffers considerably as a result

6. Cost of production This year, freight costs have gone up by about 300%, raw material prices increased by 10% -20%, labour costs than in previous years by 10% -15% higher, plus the U.S. dollar against the RMB exchange rate this year will continue to decline about 3%. All of these factors increased the overall cost will add up to 5-10%. To seek lower labour costs, the industry is trying to facilitate the production line equipped from the traffic to the inland coastal areas of China outside of China or even to move. Vietnamese workers make $l.60 a day 1,300 workers at the Sam Yang factory went on strike to demand a one cent per hour raise in wages Chinese workers make $1.75 a daythere is no minimum wage in China and when abuses are discovered, the whole factory disappear You pay over $100 for shoes that cost less than five dollars to make!

7. Under Cutting Between 2002 and 2006 china share in worldwide low cost exports increased by 3.7% points to 65% in 2006, this is bad for EU shoe designers EU government on Thursday refused to recognise that 13 Chinese shoe makers 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 investingating claims that imports of below cost leather and sports shoes from China and Vietname are undercutting European shoe makers, and could introduce extra charges on imports to protect the European group.