n order to gain an unfair advantage in the EU markets. According to EU Trade Commissioner Peter Mandelson, the implementation of a formal regulating system Recently, the EU members rejected the proposal of the European Commission to impose a formal system that would regulate any importer of leather shoes like Vietnam and China. The scheme was designed in order to replace emergency policies that were implemented last April. It must be noted that the temporary regulating system was applied by the EU due to allegations that imported shoes were being sold at lower prices in order to gain a bigger share in the European markets. At that time, the Commission stated that it was able to gather sufficient evidence that both China and Vietnam were subsidizing local shoe businesses in order to gain an unfair advantage in the EU markets. According to EU Trade Commissioner Peter Mandelson, the implementation of a formal regulating system wietnam and China. The scheme was designed in order to replace emergency policies that were implemented last April. It must be noted that the temporary regulating system was applied by the EU due to allegations that imported shoes were being sold at lower prices in order to gain a bigger share in the European markets. At that time, the Commission stated that it was able to gather sufficient evidence that both China and Vietnam were subsidizing local shoe businesses in order to gain an unfair advantage in the EU markets. According to EU Trade Commissioner Peter Mandelson, the implementation of a formal regulating system ting system was applied by the EU due to allegations that imported shoes were being sold at lower prices in order to gain a bigger share in the European markets. At that time, the Commission stated that it was able to gather sufficient evidence that both China and Vietnam were subsidizing local shoe businesses in order to gain an unfair advantage in the EU markets. According to EU Trade Commissioner Peter Mandelson, the implementation of a formal regulating system kets. At that time, the Commission stated that it was able to gather sufficient evidence that both China and Vietnam were subsidizing local shoe businesses in order to gain an unfair advantage in the EU markets. According to EU Trade Commissioner Peter Mandelson, the implementation of a formal regulating system n order to gain an unfair advantage in the EU markets. According to EU Trade Commissioner Peter Mandelson, the implementation of a formal regulating system was needed in order to protect all European manufacturers from any importer of cheaper goods such as shoe products.

The proposal was supported by shoe producers in member states like Italy, Poland, and Portugal. According to them, European shoe manufacturers had to deal with higher production costs unlike their East Asian competitors and thus could not compete with them in terms of pricing. However, the scheme was opposed by many retailers who argued that the system would force them to increase their prices, a situation that might result to the decrease of their revenues. The temporary policy imposed on any import