International Trade
American footwear industry applauds trade war ceasefire
The Footwear Distributors & Retailers of America (FDRA) applauded the move by the Trump administration to suspend new trade tariffs
European Commission adopts FTA with Vietnam
Today the European Commission adopted the EU-Vietnam trade and investment agreements, paving the way for their signature and conclusion. The Commission is committed to putting these agreements in place as soon as possible
Miscellaneous Tariff Bill signed into law
Last night President Trump signed the Miscellaneous Tariff Bill (MTB) into law. The MTB will provide temporary tariff cuts for certain items not made or available in the US including 65 different types of footwear. The House and Senate passed the bill with overwhelming bipartisan support
Global footwear together for free and fair trade
Wishing to give a strong signal against the protectionist movements recently emerging in several parts of the globe, representatives of footwear national associations and industry chambers of various continents signed a joint declaration in support of free and fair trade
Brazil: new leader in main exports destinations
The US have been the main destination for Brazilian footwear exports in the last 3 decades. Now, Argentina became the number one external market for Brazilian shoes
European exports with positive semester
During the first half of 2017 the European Union as a whole exported 20.56 billion euros of footwear, registering a 7.0% increased from similar period last year
Belgium continues to strength its position
Belgium stands out in the international arena as a country with a 2.1 billion USD trade balance and barely no production (less than 1 million pairs in 2016). In the first semester of 2017 exports increased by 3.9% (value)
Portuguese exports grow for 8 consecutive years
Since 2010 Portuguese footwear exports increased by 50% from 1 297 million euros in that year to a new record of 1 923 million euros in 2016. In the first half of 2017 positive growth continued
The recovery of Russian imports
In the first semester of 2017, footwear imports by Russia increased by 41.9% in volume and by 32.6% in value. After the growth registered in 2016, the country seems to be on the recovery path
Currency fluctuation continues to impact Brazil's exports
According to Abicalçados, the Brazilian Shoe Manufacturers Association, the country’s footwear exports continue to suffer negative impacts from currency fluctuation. Analysis should focus on the volumes sold abroad
Indonesian footwear exports expected to grow up to 10%
At least that is the belief of APRISINDO, the Indonesian Footwear Association, which is forecasting footwear exports growth to be in the region of 5% to 10% in 2017
Kenya and Bangladesh to strengthen trade relations
According to the Leathergoods & Footwear Manufacturers & Exports Association of Bangladesh (LFMEAB) the African country is focusing in the Bangladeshi Leather sector
Vietnam is not concerned with the US dropping the TPP
The Asian country is one of the main footwear producers and exporters, and the US the largest consumer market for shoes. In 2016 Vietnam's footwear exports to the US grew by 9%
Online sales will become more important than in brick and mortar shops
The words are from Cleto Sagripanti, President of the European Confederation of the Footwear Industry (CEC). An entrepreneur and a business man with extensive experience in the shoe industry
Brazilian exports on the red
According to data analysed by wordfootwear.com Brazilian footwear exports in the first semester were down by 2.7% in terms of value, but registered a 3.3% increase in terms of volume, compared to the same period in 2015-
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