Japan imports €1 billion worth of leather bags
20/12/2018
It commented that a decline in leather production in Japan has led to an increase in imports of the material.
The market in Japan for imported finished products made from leather is substantially stronger. For bags alone, ICEX put the figure for 2017 at just over €1 billion.
It said the new economic agreement between Japan and the European Union, which could come into force in early 2019, makes it optimistic that European exports of leather products to Japan can increase substantially over time. However, with it taking a further 16 years to eliminate all tariffs and quotas in place on trade between the EU and Japan, the benefits for European leathergoods brands exporting to Japan will take time to filter through.
Image shows a Dior store in Ginza, Tokyo. Credit: LVMH
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