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Article: LEATHER GOODS: Export value dropping fast, NATION
- Article from:
- The Nation (Thailand)
- Article date:
- November 14, 2002
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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00-00-0000
The value of Thailand's leather goods exports have dropped sharply
as
a result of foreign manufacturers here moving production plants to
China
and Vietnam, an industry representative said.
Thai Leather goods Association president Yingkiat Laosrisakdakul
said
the country's leather goods export value had dropped by around 30
per cent
over the past few years. Yingkiat's gloomy appraisal of the industry
followed
a meeting with Industry Minister Somsak Thepsuthin yesterday.
He said the fall was the result of foreign manufacturers taking
advantage of lower production costs in China and Vietnam, especially
labor.
Most manufacturers who had left produced leather bags, he said. ...
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