Jagran correspondent, Agra. The shoe business, which was affected after the US tariffs, is hopeful of infusing new energy from the trade deal with the European Union (EU). There is a big opportunity in front of exporters who are looking for new countries to recover from the impact of America's exports worth Rs 371 crore.
With a free trade agreement, exports will increase and the losses incurred by America will be compensated. Shoes are exported from Agra to more than 70 countries. Exports worth Rs 4 thousand crore had recently come down to Rs 3800 crore. After this, India got a big shock due to the implementation of 50 percent tariff by America.
After this, shoe exporters started looking for new countries and help was also taken from agents, but many countries were not able to compensate America even together. In such a situation, the free trade agreement with the European Union has given a big opportunity. Germany is one of our biggest buyers.
Shoe exports amount to more than Rs 727 crore. At the same time, we have major exports to European countries including Italy, Poland, France. Now with the free trade agreement, there is hope of doubling this business, which will reduce dependence on countries like America.
Shoe exporter Chandra Mohan Sachdeva says that this agreement will work as a lifeline for the shoe business. Exports are badly affected and new countries have not yet been found that can compensate.
Become a witness to a historic decision, business will increase
Shoe exporter, Chairman of Footwear and Leather Export Council, Puran Dawar said that he has got the opportunity to witness the free trade agreement signed with the European Union. Some selected entrepreneurs were present at the special banquet organized at Rashtrapati Bhavan. This agreement will provide a big boost to the ongoing shoe business affected by American tariffs.
Free trade agreement with EU will take the shoe business to new heights. Europe has already been a big market, after the agreement now the focus is on doubling the business there. Rajkumar Jain, shoe exporter: The free trade agreement with the European Union will provide relief to the shoe business affected by US tariffs. We have to focus on increasing the business by increasing the quality and our better presentation.Rajesh Khurana, Shoe Exporter
- There are more than six thousand small and big shoe units - Providing employment to more than three and a half lakh people - 25 percent participation of Agra in exports - Capture of more than 65 percent domestic market - Exports to more than 70 countries - Exports worth four to five thousand crores - Local business is worth Rs. 18 thousand crores
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