Liberal export market boon for hide merchants

THE move by government to open the export market for raw hides has seen hide merchants in the country entering into business partnerships with modernised tanning companies in South Africa, China and other Asian countries, an official has said.

Early this year, government, through the Finance ministry, granted an export tax relief to registered raw hide merchants, as it moved to reduce the amount of un-beneficiated leather raw materials that were going to waste.

Livestock and Meat Advisory Council economist Reneth Mano told NewsDay in e-mailed responses that the move had started bearing some fruits.

This story is for NewsDay subscribers.