Russian sanctions ‘misguided', say Italian shoemakers
05/07/2017
“After a 2016 of highs and lows, we start 2017 with more stability and cautious optimism,” said Annarita Pilotti, president of Assocalzaturifici. “Once again, the sector is buoyed by exports - in March alone, exports had a year-on-year increase of 13%, with total increases for the first quarter of 2017 of almost 5% in value and 2% in quantity. These results have brought volumes back to the same (albeit not wonderful) levels as two years ago, but in value terms they now stand at all-time peak.
“Results for 2016 were below par, thus confirming the complex situation and uncertain climate,” continued Mrs Pilotti. “We want to express our opposition to the sanctions imposed against Russia by the European Union that have now been extended for another six months.
“This is a misguided measure that is penalising Italian manufacturing and jeopardising trade relations with Moscow, adding further complications to a situation that is already precarious in light of the economic difficulties and geopolitical tensions in the area.”
The association stressed the introduction of legislation protecting Italian manufacturing excellence and the right of European consumers to know what they are buying through the introduction of obligatory labelling. “Italy accounts for more than one third of European production of footwear in volume (and more than one half in value terms) and it is the manufacturing platform for all the biggest names in global fashion. However, if the current competitive climate prevails, the success story of Italian manufacturing could suffer immensely.”
At the meeting, Assocalzaturifici launched its latest charity project, Anche con i piedi si può dare una mano (Even with your feet you can lend a hand). Footwear that is no longer suitable for sale will be donated to African countries. Money raised will go towards helping children in Malawi.
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