Ban on crusted leather export boost nation’s income

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Ban on crusted leather export boost nation’s income
The income earned from leather export last year shows the aptness of the measure taken by the country to ban the export of crusted leather, according to the Ethiopian Leather Industry Development Institute.
Ethiopia banned the export of crusted leather on December 2011 with a view to controlling the price hike of skins and hides on local markets.
The ban imposed on the export of crusted leather last year helped the country to boost its income from the sector, Corporate Communication Director of the Institute, Birhanu Serjebo announced.
The country used to export crusted leather in the previous years; however, last year it earned 51.5 million US dollars from the export of only finished leather products, he said.
According to Birhanu, the country earned USD 112.1 million last Ethiopian budget year, showing a 7.8 million US dollars increase compared to the USD 104.3 million earned the previous year.
(WIC)