Tanners have finally agreed to pay the arrears to rawhide merchants in three phases to resolve the crisis in the country’s leather industry.
The decision was taken at a five-hour tripartite meeting at the office of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Saturday.Talking to reporters after the meeting, FBCCI Vice-president Rezaul Karim Reznu said they had been able to resolve the crisis in the leather industry after several meetings.
Tanners will pay the arrears in three phases and the payment has already started, he said. “They’ll first pay the dues from 1990 to 2010, then from 2010 to 2015 and finally they’ll clear the arrears from 2015-2019.”
Reznu expressed the hope that the leather industry will flourish in a short time.
Bangladesh Tanners’ Association (BTA), Bangladesh Finished Leather, Leather Goods and Footwear Exporters’ Association (BFLLFEA) and Bangladesh Hide and Skin Merchants' Association (BHSMA) sat in the meeting in the mediation of FBCCI to resolve the crisis over the sales of rawhide of sacrificial animals after the Eid-ul-Azha.