In Crisis, Brazil Footwear Blames ‘Predatory’ Chinese

The president of Brazil’s footwear trade association (Associação Brasileira da Indústria de Calçados) (Abicalçados), Élcio Jacometti, says the valorization of Brazilian currency against the dollar and predatory competition by Chinese exporters are the principal causes of the crisis the sector is going through.

"We cannot compete with shoes that come into Brazil costing US$ 0.50 a pair, when we know that that is less than what shoestrings cost," complains Jacometti, who met with President Luiz Inácio Lula da Silva and other authorities in Brasí­lia last week.

The government has announced credit for the sector and says that customs officials will crackdown on the entrance of underpriced Chinese goods. And a work group was set up to study tax exemptions on machinery and equipment for the footwear sector.

Brazilian shoe manufacturers have been promoting their product overseas, the whole year. Earlier this year there was a showroom for Brazilian Shoes, in Argentina, followed by participation in the World Shoe Association (WSA), a trade show in Las Vegas in the United States.

The program developed by the Brazilian Association of Shoe Manufacturers (Abicalçados) and the Brazilian Export Promotion Agency (Apex) took about 20 companies to Buenos Aires, capital of Argentina, where the companies Bottero, Klin, Lia Line, Merky, Crysalis, Pé com Pé, Pimpolho, Kidy, Vissi, Lindi, Record and Scamber among other, were present.

In Las Vegas, 11 brands participated in an individual or group manner. In the institutional stand there were the companies Bical, Morenatom and Kiuty. Azaléia, Planet Shoe, Bibi, Dakota, Francesca Giobbi, Klin, Mauricio Medeiros and Pampili had their own spaces.

ABr

Tags:

You May Also Like

The List of the Undone in Lula’s Brazil

As a reader of O Estado de S. Paulo pointed out, during the thirteen ...

After Bolivia Crisis Brazil Looks for Gas in Africa and Middle East

Brazilian state-controlled oil giant Petrobras, and White Martins, greatest company of industrial gas in ...

Brazil Market Follows the US Uphill

Brazilian shares rose, bolstered by strong quarterly earnings announcements. Brazil’s market followed a rebound ...

Two Sons of Lebanese Win Brazil’s Top Literary Award

Two Brazilian authors of Arab origin were contemplated in this year’s edition of the ...

Lower Interests Expectation Takes Brazil Market to Record High

Brazilian and Latin American shares rose, as investors await the unveiling of Argentina’s acceptance ...

Sudan Wants Partnership with Brazil in Oil, Agriculture and Aviation

Omer Salih, the new Sudanese ambassador to Brazil, Omer Salih Abubakr, wants to promote ...

The Official Outlook: Brazil to Eradicate Poverty by 2016

If Brazil is able to maintain the same rate of poverty reduction and income ...

Brazil Fines Left and Right But Collects Less than 4%

It’s election season in Brazil. General elections are on October 3 and with its ...

Brazil's Varig plane close to a Gol aircraft

Brazil Varig’s New Air Pass Is Just for Non-Brazilians

Brazilian Airline Varig, which was just bought by Gol, has launched two new Economy ...

US President George W. Bush

Desperately in Need of Friends, Bush Warms Up to Brazil

In 2002 the Bush administration made public that it would not get into regional ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`