<p> The United States formally withdrawing from the Trans-Pacific Partnership would benefit the domestic leather industry, a top official of industry body Council for Leather Exports said, here, today.<br /><br /></p>.<p>"Already the leather exports to US market has been increasing with an year-on-year increase of about 8 per cent as of 2014-15. With the new President Donald Trump withdrawing US from TPP it will benefit our industry in future", Council for Leather Exports,Vice-Chairman,P R Aqeel Ahmed told reporters.<br /><br />Soon after becoming the new President of United States, Donald Trump last week formally withdrew his country out of the Trans-Pacific Partnership by signing an executive action from the negotiating process of the 12-nation trade deal, one of the major international trade initiatives of his predecessor Barack Obama.<br /><br />Responding to a query on how it would benefit the Indian market, Ahmed said compared to the exports made from other Asian markets to US, India holds advantage of witnessing a rise in leather exports as products were well received there.<br /><br />Giving some statistics on exports, Ahmed said between April-November 2016 period India's leather exports was about USD 605 million of which 15.89 per cent was contributed from United States. "Exports to United States grew in 2015-16 but it declined from Europe", he said.<br /><br />On the overall domestic exports, he said the shipping of finished leather and leather products which witnessed about 10 per cent decline in 2014-15 has come down 3-4 per cent decline in 2015-16.<br /><br />Ahmed and senior officals of Council for Leather Exports were here to announce the second edition of the Designers Fair which begins today.<br /><br />"compared to the first edition which witnessed overseas participation of 24 countries, this time the participation has gone upto 38", he said.<br /><br />The exhibition was supported by the Ministry of Commerce and Industry, with a grant of Rs 60 lakh, he said.<br /><br />During the conference, he said, CLE plans to submit proposals to the Government seeking assistance for engaging services of designers for product design and development in factories.</p>
<p> The United States formally withdrawing from the Trans-Pacific Partnership would benefit the domestic leather industry, a top official of industry body Council for Leather Exports said, here, today.<br /><br /></p>.<p>"Already the leather exports to US market has been increasing with an year-on-year increase of about 8 per cent as of 2014-15. With the new President Donald Trump withdrawing US from TPP it will benefit our industry in future", Council for Leather Exports,Vice-Chairman,P R Aqeel Ahmed told reporters.<br /><br />Soon after becoming the new President of United States, Donald Trump last week formally withdrew his country out of the Trans-Pacific Partnership by signing an executive action from the negotiating process of the 12-nation trade deal, one of the major international trade initiatives of his predecessor Barack Obama.<br /><br />Responding to a query on how it would benefit the Indian market, Ahmed said compared to the exports made from other Asian markets to US, India holds advantage of witnessing a rise in leather exports as products were well received there.<br /><br />Giving some statistics on exports, Ahmed said between April-November 2016 period India's leather exports was about USD 605 million of which 15.89 per cent was contributed from United States. "Exports to United States grew in 2015-16 but it declined from Europe", he said.<br /><br />On the overall domestic exports, he said the shipping of finished leather and leather products which witnessed about 10 per cent decline in 2014-15 has come down 3-4 per cent decline in 2015-16.<br /><br />Ahmed and senior officals of Council for Leather Exports were here to announce the second edition of the Designers Fair which begins today.<br /><br />"compared to the first edition which witnessed overseas participation of 24 countries, this time the participation has gone upto 38", he said.<br /><br />The exhibition was supported by the Ministry of Commerce and Industry, with a grant of Rs 60 lakh, he said.<br /><br />During the conference, he said, CLE plans to submit proposals to the Government seeking assistance for engaging services of designers for product design and development in factories.</p>