HONG KONG: Shoe Re-Exports Fall As Firms Avoid Costly Port
Hong Kong shoe re-exports slipped five per cent to US$4.4 billion in the first nine months of the year as makers shipped directly over the border instead of using Hong Kong's costly port facilities. New figures released by the Trade Development Council on Wednesday also revealed shoe re-exports fell seven per cent in volume terms to 608 million pairs in the January to September period.
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