Wenzhou Establishs Warning System to Ensure Leather Sector Health Growth
After the financial crises products made in Wenzhou met varieties of anti-dumping, countervailing from more than 20 countries including America, EU and Japan, only on current year five such cases have been launched that involved trade value of US$100 million. Therefore warning system has been established for foreign-oriented sectors in Wenzhou city, which include the sectors of footwear and leather, textile and apparel, glasses.
The overseas Wenzhou businessmen spreading all over the world become the sources of instant information on overseas market, and play a key role on preventing trade dispute and early warming, for instance a shoemaker in Wenzhou city successfully avoid a huge losses in a trade dispute with an Italian company as early warning sent by the system. Wenzhou leather and footwear association said the early warning system like radar in foreign business, with aid of early waning shoemakers can make an early responding to any changes in overseas market.
SOURCE: CLIA