Despite NAFTA Losses Brazil Footwear Sector Grows

Brazil’s Minister of Development, Industry, and Foreign Trade, Luiz Fernando Furlan, affirmed that, despite its difficulties, the Brazilian leather and footwear sector registered last year US$ 80 billion in export revenues and positive domestic results, which means that 2005 was a year of growth.

Furlan highlighted the export and domestic market performances and remarked that losses were confined to the NAFTA (North American Free Trade Area), where sales were down US$ 90 million, equivalent to 23 million pairs of shoes, and Chile and Argentina, each with declines of a million pairs.

Nevertheless, in the markets where the Exports and Investments Promotion Agency (Apex-Brasil) was active, sales volume and revenues increased, the minister announced at the opening of the 33th International Footwear, Sporting Goods, and Leather Goods Fair (Couromoda), in São Paulo.

According to Furlan, the economy’s overall export target this year is US$ 132 billion.

This year’s Couromoda, which happened earlier this month, in São Paulo, in the Brazilian southeast, had 1,200 exhibitors, who account for 90% of Brazil’s annual production of around 700 million pairs of shoes.

Approximately 3,000 brands of all types of leather and footwear merchandise were on display. Participants came from 15 Brazilian states, and there were 18 foreign exhibitors. Buyers came from all over the country and the world.

ABr

Tags:

You May Also Like

Brazilian Government and Landless Argue Over Land Reform

The National Conference on Land and Water (Conferência Nacional Terra e Àgua) which is ...

Imports Growing Faster than Exports in Brazil and Government is Happy

Brazil’s imports grew faster than its exports in February. While exports, which totaled US$ ...

Brazil’s PMDB Decides Not to Expel Party Members with Posts in Cabinet

The National Executive board of the PMDB approved a proposal last week to withdraw ...

Brazil Finally Gets a Tourism Surplus

This year, from January to August, Brazil’s tourism revenue rose 36.5%, compared to the ...

Brazilian Expats Send US$ 2.8 Billion Home

Currently, Brazil ranks second in Latin America in terms of cash inflow from foreign ...

Brazilian Tribe Might Benefit from REDD, Now Being Debated in Copenhagen

A vulnerable Brazilian tribe in the Amazon region owns carbon-trading rights in future global ...

Bolivia’s President Elect in Brazil to Discuss South American Unity

The president-elect of Bolivia, Evo Morales, is arriving in Brazil today. He will be ...

Brazil’s Bank Workers End Longest Strike Ever

Assemblies of Brazilian bank employees in 22 capitals decided to halt a strike that ...

Lula: ‘Brazil and US Discuss Their Differences Without Confrontation’

Your Excellency, George Bush, President of the United States of America, and Mrs. Laura ...

Brazil Pipeline to Add 80,000 Barrels of Oil a Day

Within three years, Brazil’s petroleum production should gain a reinforcement of 80 thousand barrels ...