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

Brazil and South America Lead Planet’s Deforestation

Each year about 13 million hectares of the world’s forests are lost due to ...

The Smartest Thing China Could Do Right Now: Invest US$ 200 Billion in Brazil – Part 2

The Brazilian and Chinese governments should sign a long-term agreement (35 to 50 years) ...

Brazilian Senate Urged to Approve Global Anti-Tobacco Accord

The Brazilian Clinical Oncology Society (SBOC), the São Paulo regional chapter of the SBOC, ...

Brazil Congress Ignores Court Order to Hand Over Expenses List

Daily newspaper Folha de S. Paulo has filed a Writ of Security with Brazil's ...

Prostitution: Brazil Justice Sees No Crime in Occasional Sex with Minor

Brazil's Superior Justice Tribunal, an appellate court, in Mato Grosso do Sul state, after ...

RAPIDINHAS

It’s a good bet that President Fernando Henrique Cardoso will close out his second ...

NEC Shows Its Broadband Goodies in Brazil

NEC do Brasil, a leading Brazilian provider of integrated communications solutions, will highlight the ...

Brazil Goes on Mourning and Arrests Owner of Nightclub Where Fire Killed 231

The Brazilian police have arrested today one of the owners of the nightclub Kiss ...

Latin American Markets Surge. Brazil on the Lead.

Latin American shares rallied on the session, bolstered by strength in the U.S. markets ...

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