News

Friedrich Sturm Report - 31.03.06

04/04/2006

What happened this week: Well, nobody could say that the fair in Hong Kong was not exciting this year. There was plenty to talk about and a lot of work to do. While the first day was busy with informal meetings and discussions it soon shifted to serious business talks and we would say that it is long time since we have seen so many active stands and such intense meetings. Visitor numbers were good and Wednesday and Thursday morning were best described as crowded. At the beginning of the show most overseas visitors were trying to figure out if the tax issues (the import tax in China and the anti-dumping tax on shoes in Europe) would have an impact on the market, as was expected. Most figured out pretty quickly that it was a waste of time trying to discuss this at length, as most people were more interested in getting down to serious business as quickly as possible and these issues soon disappeared from the agenda.

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