Vietnam exported $8.3 billion worth of footwear in 2013, 15 percent more than in 2012, with a 19 percent increase year-on-year during the month of December. The U.S., the European Union, Japan and China were the biggest destinations. The EU is likely to import larger quantities of Vietnamese footwear due to the country's inclusion in its generalized scheme of preferences, which will reduce import duties to 10 percent. The duties may shrink further if the EU and Vietnam finalize discussions over a free trade agreement, which would also open up the Vietnamese market for European products.