Leather exports dip as Savar facilities found wanting

Exports of leather and leather products fell significantly in the financial year 2017–18 (July–June) compared to the previous fiscal year (2016–17) due to forced relocation of tanneries to the Savar Tannery Complex, which is not yet fully functional, say tannery owners. According to the Export Promotion Bureau (EPB), the sector registered a slightly negative growth of 12.03 per cent, resulting in earnings of USD 1.08 billion in the financial year 2017–18. This figure was $1.23 billion during the same period in the 2016–17 fiscal year.