gainst the target of $563 million, according to Export Promotion Bureau (EPB) data. Export of leather during the period stood at $173.49 million, 27.64 percent lower from the target of $239.75 million. The country earned $87.82 million from export of leather products in the first five months of FY15, which is 30 percent lower than the target of $124.67 million. Leather Footwear—a sub-sector of the leather sector, however, fetched $201.81 million against the target of $171.58 million during the July-November period of the current FY. Leather exporters said due to non-compliance with environmental requirements, major brands haven’t been showing interest to source leather and leather goods from Bangladesh. “There is no chance to make bulk export as the renowned buyers are not purchasing leather products from Bangladesh,” said Abu Taher, president of Bangladesh Finished Leather, Leather Goods and Footwear Exporters’ Association (BFLLFEA). The leather sector should be shifted to the Savar Tannery Estate immediately to attract the foreign buyers, he added. The BFLLFEA president also sought loan facilities for the tannery owners to help them smoothly relocate their factories to Savar. “We will need Tk 5,000 crore to shift the factories from Hazaribagh to Savar and the tannery owners alone cannot afford the cost,” Taher said, adding that the government should come forward to expedite the relocation process. Sector insiders said Bangladesh’ share the $220-billion global leather market is only 0.5 percent. Abu Taher said “We have to capability to grab 10 percent of the international leather market, which will boost leather exports to $22 billion”
Friday, January 2, 2015
Leather export falls over compliance issues:Daily Sun
gainst the target of $563 million, according to Export Promotion Bureau (EPB) data. Export of leather during the period stood at $173.49 million, 27.64 percent lower from the target of $239.75 million. The country earned $87.82 million from export of leather products in the first five months of FY15, which is 30 percent lower than the target of $124.67 million. Leather Footwear—a sub-sector of the leather sector, however, fetched $201.81 million against the target of $171.58 million during the July-November period of the current FY. Leather exporters said due to non-compliance with environmental requirements, major brands haven’t been showing interest to source leather and leather goods from Bangladesh. “There is no chance to make bulk export as the renowned buyers are not purchasing leather products from Bangladesh,” said Abu Taher, president of Bangladesh Finished Leather, Leather Goods and Footwear Exporters’ Association (BFLLFEA). The leather sector should be shifted to the Savar Tannery Estate immediately to attract the foreign buyers, he added. The BFLLFEA president also sought loan facilities for the tannery owners to help them smoothly relocate their factories to Savar. “We will need Tk 5,000 crore to shift the factories from Hazaribagh to Savar and the tannery owners alone cannot afford the cost,” Taher said, adding that the government should come forward to expedite the relocation process. Sector insiders said Bangladesh’ share the $220-billion global leather market is only 0.5 percent. Abu Taher said “We have to capability to grab 10 percent of the international leather market, which will boost leather exports to $22 billion”
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