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Footwear exports soar in February

02
Mar '07
Last month, footwear exports of the industry showed a positive trend as per the expectation after membership of WTO.

Export turnover of footwear in last month is anticipated to reach US $280 million, a year-on-year increase of 30.8%.

In February, 2007, exports of handbags, suitcases, caps and umbrellas stood at $40 million, a surge of 42.9 percent.

Experts expect that footwear sector has to face more stumbling blocks this year due to cut throat competition, shortage of raw materials for production, disgraceful design patterns and anti-dumping tariff rate of ten percent by EU.

They also urged enterprises to mainly focus on manufacturing of products with high-quality materials that can help them in increasing value and continue seeking outlets to reduce risk of market fluctuations.


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