Contraband products take their toll on Guatemala’s footwear industry
17/08/2018
Speaking ahead of the 28th edition of footwear show Expo Calzado, she said Guatemala’s domestic shoe manufacturers are hindered by disloyal competition, the practice by which products are imported at prices lower than the cost of making them in the country.
“It is unfair that the hard work and efforts of Guatemalan workers and companies is being devalued by the issue of contrabanding,” Ms Torrebiarte added.
According to Grecalza, Guatemala’s footwear imports are growing by around 4.6% each year, with 80% of the shoes consumed in the country now brought in from overseas.
For his part, Eduardo Girón, vice president Guatemalan industry association CIG, said contraband products affect many aspects of the economy, but that the footwear industry is hit especially hard by them.