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Article: BOLSTERING BRAZIL; BECAUSE OF THE 1999 DEVALUATION OF THE REAL, BRAZILIAN FOOTWEAR PRODUCERS PREDICT THAT THE NUMBER OF EXPORTS WILL INCREASE IN 2000.(Brief Article)(Statistical Data Included)
- Article from:
- Footwear News
- Article date:
- February 21, 2000
- Author:
CopyrightCOPYRIGHT 2000 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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This year, Brazilian shoe exporters are smiling from ear to ear. Many of them expect that a January 1999 currency devaluation, which made their footwear more competitive abroad, will boost exports by 10 percent, even though last year exports dropped by nearly 8 percent. Despite the low percentage of the increase, most footwear manufacturers are happy that their product will be more desirable abroad.
Whereas in 1999 Brazil exported $1.25 billion worth of footwear, 8 percent less than the $1.35 billion shipped abroad in 1998, the country expects to export $1.45 billion worth of shoes in 2000, according to Abicalcados, the Brazilian national association of footwear ...
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