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leather and leather product exports in the 11 months of FY18 fell by 11.08 per cent
2018/6/6 14:13:21 Source: newagebd.net Author: 点击率:
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Bangladesh’s export earnings in the July-May period of the current financial year (2017-18) witnessed a meagre growth of 6.66 per cent as leather and leather products export fell by more than 11 per cent in the period.

According to the EPB data, leather and leather product exports in the 11 months of FY18 fell by 11.08 per cent to $999.07 million from $1.12 billion in the same period of FY17.

Leather footwear export increased by 7.14 per cent to $511.58 million, while earnings from leather products fell by 24.40 per cent to $318.46 million in the period.

‘Inefficiency of ports (sea and air) and customs is the key reasons for the negative growth in exporting leather and leather products,’ Mohammed Nazmul Hassan, vice-president of the Leather Goods and Footwear Manufacturers and Exporters Association of Bangladesh, told New Age on Tuesday.

He said that imports of raw materials and exports of finished goods both were taking long time due to inefficiency of ports and customs and exporters had failed to maintain export orders.

Nazmul said that many exporters in the leather sector had failed to produce products due to lack of raw materials as the imported raw materials often got lost from the Hazrat Shah Jalal International Airport in Dhaka.

‘We faced tremendous problems in Chittagong seaport and Dhaka airport in last three months,’ he said.

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