India Can Provide More Finished Leather To Support Vietnam'S Footwear Industry.

According to Leatherbiz.com reported on Wednesday, Ranjig Tan Dung, a leading trade delegate in India, said that the leather industry in India could provide more finished leather to Vietnam in support of its booming footwear industry in its visit to India.

The two countries have reached a consensus to increase bilateral trade volume from US $5 billion 200 million in 2013 to US $7 billion in 2015, and then to US $15 billion in 2020.

India Tata Group is currently building a thermal power plant in Soc Trang, southern Vietnam, the largest investment in Vietnam in India.

In addition, it also owns a tanning factory, several shoe making and leather processing plants.

Tata recently said it will expand its production capacity in shoe factories and increase the manufacture of automobile leather in Vietnam, which will benefit Vietnam's economic development.

The Vietnamese government has recently expressed concern about its trade in leather shoes and the European Union.

Because of lack of professional knowledge or testing equipment, Vietnamese leather shoes manufacturers failed to take advantage of the new trade agreement between Vietnam's leather shoes manufacturing industry and the European Union.

Therefore, the Vietnamese government has invested 200 thousand euros to set up a testing body to enable the export of leather shoes manufacturers to meet the EU's testing standards.

Columbia impose high tariffs on pshipment footwear in Panama

The Colon Free Zone (CFZ) in Panama continued to suffer from the impact of Columbia's high tariffs on textiles and footwear and the arrears of Venezuelan traders. The operation in the region continued to deteriorate. The volume of trade in the 3 quarter of this year (2014) was 18 billion 100 million US dollars, which was about 2 billion 900 million US dollars lower than the 21 billion 100 million US dollars in the same period (2013), and the recession was 13.8%.

Among them, imports amounted to US $8 billion 400 million, a decrease of US $1 billion 500 million compared with the same period last year, a decline of 15.4%, and an export volume of US $9 billion 700 million, a decrease of 1 billion 300 million US dollars compared with the same period last year and a 12.4% decline.

Columbia imposed high tariffs on textiles and footwear exported from Panama to Columbia, resulting in a decrease of 20-30% in the volume of CFZ exports to Columbia. On the other hand, Venezuela's foreign exchange control measures made it impossible for the Commission to pay up to US $1 billion 700 million in trade volume owed to CFZ, and the amount of CFZ Export Commission declined sharply.

Severo Sousa, former chairman of the CFZ user association, said that despite the current peak sales season before Christmas, most manufacturers in the region are still not optimistic about whether the future business situation can be improved. It is estimated that the volume of domestic trade in the whole year will probably decline by 12% over the past year.