Leather Industry In Ethiopia Is Lower Than Target Revenue By 64.3%

< p > > Ethiopia a href= "http://www.91se91.com/news/index_c.asp" > leather industry < /a > the Development Research Institute announced last week that the 2012/13 export of leather products earned $123 million in revenue, which is 64.3% lower than the target revenue of US $192 million.

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< p style= "text-align: center" > img align= "center" border= "0" alt= "src=" /uploadimages/201308/02/20130802025821_sj.JPG "/" < < >.

< p > export income of finished products amounted to US $101 million, representing an increase of 98% over the previous year.

In addition, export leather shoes and leather gloves brought 19 million 200 thousand US dollars and 3 million 200 thousand US dollars respectively to the country.

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< p > although the export of leather has shown an increase of 11.4% over the previous year, the goal of achieving the government's growth pformation plan has failed again.

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< p > Ethiopia has focused on eight fields in its five-year plan, and leather industry is one of them.

The government plans to export $500 million in leather exports to the 2014/15 fiscal year.

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< p >, however, the performance of < a href= "http://www.91se91.com/news/index_s.asp" > leather industry < /a > is far below the initial expectation.

The growth pformation plan 2010/11 began, and received only $220 million in the first three fiscal years, according to the annual report released by the Ethiopia Leather Industry Development Research Institute.

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< p > the country's financial export revenue amounted to US $192 billion in the current fiscal year.

The report states that the leather industry in this country has enormous potential and needs to be excavated.

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< p > due to the illegal trade in border cities, the leather industry in Ethiopia lost about 20 million US dollars.

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< p > "smuggling problem is becoming more and more serious, which has brought obstacles to the development of new industries," WonduDeresse, vice president of the Research Institute, told reporters.

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< p > a representative from the Research Institute found that shoes produced in Ethiopia appeared in the markets of neighbouring countries such as Sultan and Kenya.

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< p > "through smuggling, shoes produced in Ethiopia are shipped to other countries and imported at higher cost," the dean said, and the success of the leather industry was attributed to the smuggling problem.

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< p > "we can not stop such behavior alone." he added that the responsibility of the Institute is to provide technical support for companies engaged in leather industry.

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The Ethiopia Institute for development of leather industry in Ethiopia is also working with AddisAbeba university to carry out leather knowledge training for college students.

The first batch of students graduated last year.

Training usually begins at the postgraduate level.

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< p > > a href= "http://www.91se91.com/news/index_p.asp" > Ethiopia < /a > the government has taken various measures to promote leather exportation, one of which is to restrict the export of low value-added raw materials.

According to the report, the export of raw materials for leather industry has no significant contribution to the export tax of 150%.

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