The Brazilian footwear producers’ association Abicalcados (Associacao Brasileira das Industrias de Calcados) has downwardly revised its export revenues projection for the 2001 by $100million to $1.7 billion.

The association has blamed the downturn on the slowdown in the US economy which accounts for 70% of all Brazilian footwear exports. However, the total figure still represents an increase of 9.8% over 2000.

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