Savar leather park: CETP conundrum

The country’s leather export encounters environmental concerns. Quite sometime ago, the signals were very much there. The major importing bloc, the European Union had made it known a few years ago that unless processing of leather and leather products conform to compliance norms, especially in respect of environment, shipments would be refused at all EU ports. Newspaper reports confirm that the sharp slump in export of leather and leather goods in this fiscal is largely due to environmental concerns. Exports declined by more than11 per cent in the past seven months of this fiscal compared to that of the corresponding period of the last fiscal, according to Export Promotion¬† Bureau data. The figure is also 3.0 per cent lower than the strategic export target set by the government for the 2019 fiscal. The decline is not sudden as the country experienced a drastic fall of over 12 per cent in exports in the last fiscal compared to the preceding year.