Chinese footwear imports to Brazil rise 101%
According to the Brazilian Association of Footwear Manufacturers (Abicalçados), from January to October 2005, imports of Chinese footwear to Brazil rose 67.8% in value terms to $64,1 million (70% of the country's total footwear imports), and 101.2% in terms of volume to 11.6 million pairs, compared with the same period in 2004.
Professor Ênio Klein, a consultant to Abicalçados, explained that the main reason for the increase was that Chinese shoes are sold at prices that are 50% lower than their Brazilian equivalents. However, according to Professor Klein, other factors that favour imports are the low US dollar exchange rate and the fact that importers into