Pakistan To Enhance The Competitiveness Of The Leather Industry Project Plan Funded By The European Union

Francois Bernard took the EU delegation to Pakistan to attend the EU fund donation ceremony. In his speech, he said that Pakistan's plan to enhance the competitiveness of the leather industry was listed as a technical aid item for EU trade.

The aim of the project is to improve the leather industry in Pakistan by increasing production capacity, technical training, market and product diversification. Leather industry The added value will reverse the downward trend, and ultimately achieve the purpose of improving the competitiveness of the industry.

In addition, Pakistan also enjoys various preferential trade policies such as GSP and EU provided by the EU. The leather industry in Pakistan should seize the opportunity to improve the export of leather products.

Last fiscal year, Pakistan Leather exports amounted to US $1 billion 151 million, and leather garments and gloves accounted for 7.6% of world trade. However, we could not compete with neighboring countries and regions. Over the past few years, the share of shoes in the international market has been negligible. This project will help Pakistan leather exporters to improve their market competitiveness.

The ceremony was attended by the Ministry of Commerce, leather garment manufacturers and Exporters Association of Pakistan. American Apparel and Footwear Association Glove dealers and exporters' associations and representatives of relevant governments at all levels in Pakistan.

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In the first 8 months of Vietnam, footwear exports increased by 22.22% compared with the same period last year, and the total export volume of footwear reached US $6 billion 690 million, which is expected to achieve an export target of US $12 billion for the whole year. Exports declined in August, but exports to Britain and Ukraine increased by 158.32% and 197.65% respectively.

The United States is the largest consumer of Vietnam's footwear industry. In August, the number of shoes exported to the United States increased by 13.66%, the first 8 months increased by 23.76%, and the total export volume was $2 billion 130 million. In the first 8 months, Vietnam's exports to China accounted for 31.82% of the total exports, reaching 2 billion 130 million dollars.

Vietnam's lower labor cost advantages attract many foreign investment and a large number of international buyers' orders. Vietnamese shoe manufacturers also need to make full use of the advantages of preferential trade agreements and changes in market demand to actively expand production and increase the added value of export products.