Stockpiled leather in Bangladesh
According to chairman of the Bangladesh Finished Leather, Leather Goods and Footwear Exporters' Association (BFLLEA), Rezaul Karim Ansari, the global financial crisis is seriously affecting the leather sector. He believes a number of companies will be forced to close as a result.
Mr Ansari claims leather worth more than $350 million is now simply taking up space in warehouses. In the last six months of 2008, he claims exports fell by around $50 million compared with figures for the same period in 2007. He believes this is mainly because of lower demand in the
The chairman also said that, despite having had a number of meetings with the commerce ministry, the government is yet to introduce any measures to help leather exporters, while their counterparts in other countries had been offered incentives and assistance.
