The trade ministry in Argentina has negotiated with major tanneries and leathergoods manufacturers in the country to cut prices. The aim is to help keep the sector afloat and to protect local jobs.

According to reports, wet blue prices will be cut from A$5.30 per kilo to A$4.75. Meanwhile, tanneries have agreed to freeze finished leather prices that are sold on to domestic leathergoods manufacturers until the end of 2010.

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