The Brazilian footwear industry has accused the Argentine Government of restricting Brazilian imports to Argentina.
The contention is mainly rooted in Argentine footwear industry's demand for slashing Brazil's annual shoe export quota to Argentina from the existing 15 million pairs to 12 million pairs.
At meetings convened in Sao Paulo and Rio de Janeiro to discuss mutual trade issues, it was revealed that the trade restrictions imposed by Argentina on imports of Brazilian footwear has already caused the Brazilian industry to suffer a loss of US$ 100 million during the current year.
Abicalçados, the industry group representing the Brazilian footwear producers, stated that about 4.5 million pairs of shoes are lying in warehouses, awaiting approval for non-automatic import licences from Argentina, which has been delayed. The group accused Argentina of holding back the approval for import licenses.
Separately, a seminar on regional integration between Argentina and Brazil was held at Sao Paulo in Brazil. It was led by Argentine Trade and International Economic Relations Secretary Luis María Kreckler. About 120 Argentine entrepreneurs, who intend to expand their reach in Brazil, participated in the Seminar.
According to Kreckler, collaboration between the two economies is strategic and integration of value chains of both the countries should be adequately emphasized.
He also stated that while Argentina's Gross Domestic Production grew by almost two-times over last eight years, its foreign trade grew by four times. He added that they would like to continue their journey on the same path so as to attain growth without exclusion.
Argentina's Footwear Industry Chamber (CIC) President Alberto Sellaro stated that the trade mission was indicative of the political willingness of the two economies to prioritize mutual trade relations, regardless of the international situation, which is a pre-requisite for business expansion.
Fibre2fashion News Desk - India
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