Leather exports down by 11% in Rio Grande do Sul - leatherbiz: Leading Leatherbiz

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Leather exports down by 11% in Rio Grande do Sul

05/08/2011
If the Brazilian government is unwilling or unable to take measures to lower the value of the country’s currency, the real, against the dollar, it must find other ways to lower the cost of doing business for Brazilian manufacturing companies, a senior figure in the country’s leather industry has said.

Moacir Berger, president of the Leather Industry Association of Rio Grande do Sul (AICSul), has said that member companies in his state, traditionally the most important in the Brazilian leather sector, have achieved export sales so far this year that are 11% down on the same time last year.

He warned that current employment rates of 13,000 in Rio Grande do Sul were likely to diminish. He called on the government to introduce tax relief for export-focused companies to compensate for the high value of the real.


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