The New Nation - Internet Edition

The 4th Annual General Meeting of Leather goods and Footwear Manufacturers and Exporters Association (LFMEA) of Bangladesh were held recently at the association's office.

Md Saiful Islam, president of the association presided over the meeting. The meeting reviewed the performance of the association of last year and adopted the annual report of the executive committee and audited accounts for the said year. During the year under report, four new companies joined the association. The association endorsed 1919 GSP certificate applications of the member companies during the year as compared to 1764 GSP application of the members praised the various measures taken by the executive committee for expansion of the export market to different countries. The members noted with satisfaction that during the year under report exports amounted to footwear $136 million and leather goods US$11 million making a total of US$147 million which is worth Tk 1022 crore and 33.27 per cent higher than previous year 2006. Target for this year 2008 is US$152 million with a growth of 8 per cent.