Ethiopia earns close to $100 mln from leather export

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Addis Ababa, 3 May 2014 (WIC) - Ethiopia earned 99.89 million US dollars in revenue from leather export during the last nine months, the Ethiopian Leather Industry Development Institute (LIDI) said.

LIDI Corporate Communication Director, Berhanu Serjebo, told WIC the revenue increased by 11 percent compared to the 89 .75 million US dollars earned the same period the previous year.

He said finished leather products made 73.29 per cent of the revenue followed by shoe, leather gloves and leather attires each generating 23.9 per cent, 2.5 per cent and 0.29 per cent, respectively.

Ethiopia has set a plan to boost leather export earnings to half a billion US dollars by the end of the Growth and Transformation Plan (GTP).