INDONESIA: Shoe Industry Chief Sees Gloomy 2003
An Indonesian footwear chief on Wednesday revealed his fears that the recent slide in export orders will continue in 2003 due to labour disputes and security fears following the recent Bali terrorist attack. Indonesian Footwear Association (Aprisindo) chairman Anton Supit said he expects footwear exports to plunge more than 20 per cent next year to less than $1 billion versus this year's estimate of $1.3bn.
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