Mexico Shoe Imports New Regulations Harsh AAFA Triggered Doubts

The US clothing and Footwear Association (AAFA) recently said that the Mexico government's new rules designed to protect footwear manufacturers were introduced recently.

Some member enterprises have to stop exporting shoes to Mexico.

The new regulation stipulates that the shoe imports should be suspended this year.

The phasing out of the tariff will be postponed until 2019.

"New regulations allow at the same time

The Ministry of Finance and the Ministry of economy has implemented regulatory measures and non-tariff restrictions on the import of shoes, including: the allowable import customs clearance of shoes will be reduced from 33 to 9. Tariffs should be based on the prices predicted by the government instead of the actual declared prices of products. Financial institutions' certification guarantees, registration lists for importers of footwear industry and anti-dumping investigations on shoes imported from China and Vietnam will be provided.

AAFA mentioned.

"According to AAFA member enterprises, these new regulations are intended to prevent all enterprises from exporting shoes to Mexico."

AAFA added.

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On the 23 day, "the 2014 China Leather Industry Development Forum and the China Leather Association leather Specialized Committee annual conference", the Deputy Secretary General of China Leather Association Chen Zhanguang introduced the economic operation of leather industry in 1-8 months.

He said that sales growth slowed down in 1-8 months, and the total sales revenue of enterprises in the whole country was 802 billion 705 million yuan, an increase of 9.84% over the same period last year, and the growth rate dropped 1.52 percentage points.

The gross profit margin of the leather industry is 6.06%, an increase of 0.20% over the same period last year.

In the 1-8 month, the main leather industry in China exported 58 billion 200 million US dollars, an increase of 10.3% over the same period last year, and the growth rate was 1.3 percentage points faster.

Among them, footwear contributed most to the export growth rate of 9.86%, while leather clothing, travel goods and bags, fur clothing and leather shoes contributed to export growth of -0.04%, -0.75%, 1.08% and 3.06%.

The main industry imports amounted to US $6 billion 200 million, an increase of 11.2% over the same period, and the growth rate was accelerated by 4 percentage points.

The contribution to import growth is 6.2%.

Among them, footwear contributed 4.2% to import growth, 1.75% for travel articles and bags, and 5% for semi finished leather, finished leather and tanned fur.

In leather making industry, the output of light leather in 1-8 months continued to decrease, and the rate of decline increased sharply.

On the other hand, tannery enterprises produced 383 million square meters of light leather, down 0.71% from the same period last year, and the growth rate picked up 20.2 percentage points.

Sales revenue growth rate increased slightly.

On the other hand, tannery enterprises' sales revenue was 107 billion 140 million yuan, up 8.9% over the same period last year, and the growth rate was 1.6 percentage points faster.

Tanning industry sales profit margin was 6.1%, down 0.2 percentage points year-on-year.

Imports of raw leather, semi finished leather and finished leather decreased and prices remained high.

The production of leather shoes industry increased in the 1-8 month than that of the previous year, and the production of leather shoes for enterprises was 2 billion 890 million pairs, an increase of 3.3% over the same period last year. The growth rate was 1.8 percentage points faster than that in the first half of the year.

Sales revenue growth has dropped.

The sales revenue of leather shoes enterprises was 282 billion 30 million yuan, an increase of 6.4% over the same period last year, and the growth rate dropped 1.75 percentage points.

Leather shoes sales profit margin was 6.8%, an increase of 0.65 percentage points over the same period last year.

Leather shoes exports 650 million pairs, reaching 9 billion 100 million US dollars, up 17.9% and 21.4% respectively over the same period.

Leather clothing production growth accelerated, 51 million 825 thousand, an increase of 7.2% over the same period, the growth rate accelerated 1 percentage points.

Sales revenue growth accelerated, to 50 billion 340 million yuan, an increase of 13.8% over the same period, and the growth rate was accelerated by 2.5 percentage points.

The national leather clothing sales profit margin was 9.1%, down 0.7 percentage points year-on-year.

Leather garments exported 5 million 590 thousand pieces, 360 million US dollars, down 9.1% and 5.6% respectively.