Exchange Rate Hurts Brazil’s Shoe Exporters

    Brazilian footwear exports dropped 16% in March, and 11% in the first quarter of this year, when compared to 2004. According to the Brazilian Association of Shoe Manufacturers (Abicalçados), in March, 20 million pairs of shoes were shipped abroad, and in the first three months of 2005, more than 60.1 million pairs were sent to other countries.

    According to the Executive Director of Abicalçados, Heitor Klein, March’s total exports of US$ 160 million were 3% inferior to that of March of last year, when they reached US$ 164.8 million. Klein said that manufacturers attribute the bad numbers to the exchange rate policy, which has been making business difficult for several months.


    The government and private enterprise reaffirmed, ealier this year, their partnership for the promotion of footwear and leather accessory exports.


    On January 11, the Minister of Development, Industry, and Foreign Trade, Luiz Fernando Furlan, signed a contract renewing the Export Incentive Program for the Footwear Sector.


    The goal of the program is to expand footwear exports by 11% this year alone. The program is known as Brazilian Footwear and has been in existence for two years.


    The Brazilian Export Promotion Agency (Apex) will be in charge of coordinating the program. The government and private enterprise plan to invest US$ 9.3 million (25.5 million reais) just in 2005.


    The Brazilian Association of Footwear Industries (Abicalçados), the government’s partner in the project, will help obtain the private investment portion.


    The program intends to generate at least 1,100 jobs in coming years, as well as increasing the number of export firms in the sector from 550 to 1,100.


    The footwear sector ended 2004 with its best results since 1993, with the production of over 700 million pairs, of which nearly 200 million were exported.


    Export receipts were up 15%, closing the year at US$ 1.8 billion. The Brazil Footwear’s goal is US$ 2 billion in exports in 2005.


    The program sponsors international promotional activities, such as “prospecting” missions in promising countries or regions and the Buyer Project and the Image Project, which bring importers and opinion-makers to Brazil to become acquainted with firms’ potentials


    Brazil Footwear also promotes participation in international fairs, with promotional activities such as fashion shows and intensive publicity campaigns in the trade media.


    Agência Brasil

    Tags:

    • Show Comments (3)

    • Paul Eleanya

      Mr
      Able thanks for your offers which drew our fullest attention, we developed more interest and ability to enter into trade with your Company.

      Meanwhile, we have just fallen in negotiations with Dr. Idris Bankole who has confirmed interest on your products and wishes to purchase in bulk and invest in your company a total sum of Euro 2.3 Million.

      Now, I will want us to have this talk seriously because after negociating with this man, he promised to place his orders and make available the related fundss if only you can work co-operative with him and will be capable to supply in a long term supply. Dr. Idris Bankole was once a politician, who wants to legitimate his wealth by going into Importations with our Company and I believe you can be able to supply your range of products to give us both a very great times to build a long lasting trade relationships. & lt;
      Meanwhile, I will like you to get back to me ASAP so as enable a swift communications for both of us, we will deal on a 3% commission on the original prices as to help us make our profits.

      I will be expecting your final price list by email and add our 3% consultation Commission to your original price so that we can present your quotations to Dr. Idris Bankole for a final deliberations. So urgently confirm your possiblity to suppy in bulk / large quantity.

      Thanks and best regards as we wait for your swift and full co-operations on this business

      Yours Sincerely

    • G. Fitrah

      Hippopotamus Pastel ladies shoes
      I have also had a favorite pair of shoes which was made by Hippopotamus in the 1980’s. A comfortable pastel patchwork of leather in a loafer style shoe. I sure wish there was a website to order Hippopotamus shoes from. It is the only shoe I have ever liked so much both for comfort and style. Owned two pairs of the exact same shoe and then could no longer find the brand. Best wishes Gina Decatur, Georgia

    • Foye Lowe

      Hippopotamus Shoes
      I have a favorite pair of black men’s “vero cuoio” shoes made in Brazil by Hippopotamus (no. 75975 6). I tried without success to find out about Hippopotamus online. But I found your website. Glad you’re here. Cordially, Foye Lowe, Baton Rouge, LA USA

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Moroccan Foreign Minister, Mohamed Benaí¯ssa, on visit to Brazil

    Morocco Believes Brazil’s Technology Can Help Africa and Arab Countries

    The importance of cooperation between developing countries is part of the vision of the ...

    Riad Malki

    Middle East Negotiations Could Benefit from Brazil’s Help, Say Palestinians

    Brazil’s foreign minister, Celso Amorim, met with the minister of Foreign Affairs of the ...

    Venezuela protests

    Brazil Is Sending Technicians to Help Chavez Deal with Energy Crisis

    President Hugo Chavez of Venezuela, faced with serious electricity and water problems,  has asked ...

    Brazilian Indians in the War of Eucalyptus

    At the time when Brazil was a Portuguese colony, monoculture for export was one ...

    Brazil’s Emissary of Samba

    Samba brings instantaneous images of Rio’s world-famous Carnaval, of fabulously decorated floats, enormous drum ...

    Brazil Cuts Investments in Bolivia Due to New Oil Law

    Brazilian government Oil Company Petrobras which operates in Bolivia and is responsible for 20% ...

    Brazil and Uruguay Reinforce Scientific Ties

    The governments of Brazil and Uruguay signed five cooperation agreements during Uruguayan President Tabaré ...

    Blacks Denounce Brazil for Racism at the OAS

    There are more than 90 complaints against Brazil in the Human Rights Commission of ...

    Central Bank president Henrique Meirelles

    Brazils Joins US, Japan and UK at Bank for International Settlement’s Board

    Brazilian Henrique Meirelles, the president of Brazil’s Central bank, was elected to the board ...

    Laughing Stock

    "Now we find out that all the recent American elections, done with the same ...