Participation of Brazilian companies in the All China Leather Exhibition (ACLE) is expected to lead to current and future sales of some US$500 million, said the chief executive of the Brazilian Centre of Tannery Industries (CICB).
José Fernando Bello said the 24 companies that went to Shanghai signed contracts worth US$26 million in the three days of the fair alone, as well as contacting buyers, especially from China, which account for nearly 80 percent of ACLE visitors.
China and Hong Kong are the main market for Brazilian leather exports, accounting for “almost 36 percent of all sales from Brazil to foreign markets,” said the CEO of CICB.
Brazil’s participation in ACLE was supported by the Brazilian Leather Sector Project, an initiative of the CICB and the Brazilian Export and Investment Promotion Agency (Apex-Brasil) to encourage leather exports. (macauhub/PT/CN)