Bangladesh’s total leather exports in July were worth $91.16 million, a fall in value of 21.7% compared to the same month of 2017, according to data from the country’s Export Promotion Bureau (EPB). Exports of finished leather fell 24.3% to $10.8 million, while exports of leather products tumbled 61.5% to $14.84 million. On a more…
Eid Mubarak 2018! On behalf of the Leathergoods And Footwear Manufacturers & Exporters Association of Bangladesh (LFMEAB), on the eve of Eid, we would like to wish all of you with a warm “Eid Mubarak!”
Business leaders have called for improving ease of doing business and addressing logistical hassles and infrastructure bottlenecks such as port congestions in order to realise the full potential of the leather industry. They also called upon the relevant bodies to take up long-term policy support to achieve US$5.0 billion exports by 2021. The call came…
The 15th Annual General Meeting for July 2017-June 2018, of Leathergoods And Footwear Manufacturers & Exporters Association of Bangladesh (LFMEAB) was held on Saturday, 11th August 2018 at the Westin hotel, Dhaka. President Mr. Md. Saiful Islam presided over the meeting while Sr. Vice-President, Mr. Abdul Momen Bhuiyan, Vice-President, Mr. Nasir Khan, Vice-President, Mr. Md.…
Like in the last fiscal year, the goods and products under export categories will get cash incentive or subsidy against shipments during the current fiscal year. The government is likely to sit tomorrow (Wednesday) to set new rates of cash incentive/subsidy and also re-fix the existing ones against export items for fiscal year 2018-19 (FY…
As Bangladesh prepares to advance to the next level of economic development, our policymakers have to start thinking about how to remain internationally competitive as well as ensure greater economic activity — more jobs, greater output — and higher average incomes. In order to achieve that, Bangladesh desperately needs to upgrade and expand its export…
Chinese companies are likely to invest Tk 200 crore ($25 million) at the Bay’s planned leather and footwear industrial park in the Mirsarai Economic Zone in Chittagong. According to Bay Group, 18 leather and footwear makers based in China are interested to make the investment in order to produce leather goods and footwear. The investment…
This institute is one the three new FDDIs that will be established as part of an investment plan for the leather industry announced by the Indian government ahead of the 2018 Indian International Leather Fair (IILF) in Chennai at the beginning of February. During his intervention at the inauguration in Hyderabad, Mr. Prabhu said the…
India slashed the sales tax rate on over 50 products on Saturday in a move aimed at appealing to traders and the middle classes as Prime Minister Narendra Modi’s government eyes next year’s elections. Modi is seeking a second term in 2019 amid voter frustration over the abrupt implementation of a nationwide goods and services…
Vietnam’s export turnover is likely to reach 236.6 billion US dollars in 2018, an increase of 10% compared to the previous year, according to some analysts. The Import-Export Department under the Ministry of Industry and Trade (MoIT) confirmed that the first half of this year ended with positive export outcomes, creating a good momentum for…