Indonesia joins leather expo

Indonesia joins leather expo

JAKARTA (JP): A number of leading Indonesian leather
manufacturers are to join leather producers from 20 countries in
the All China Leather Exhibition '98 in Beijing from Nov. 23 to
Nov. 26.

The exhibition's organizer said in a statement made available
here on Tuesday that the event would open opportunities for
Indonesian and other firms to enter China and establish
cooperative links with Chinese enterprises.

"With a stable Renminbi (yuan) and a positive trade balance,
China stands out as the 'escape market' of the Asian financial
turmoil and maintains a positive outlook for business," said
Perrine Ardouin, senior event manager.

Ardouin said China's leather industry continued to absorb an
increasing proportion of imported materials. In the first six
months of this year alone, China imported US$1.2 billion-worth of
hides, $170 million of shoe components and shoe and tanning
machinery worth $40 million. (rid)