3-Bangladeshi tanners “held hostage” by Chinese buyer syndicates
Bangladeshi tanneries cannot compete in the international market due to the lack of certification from the Leather Working Group (LWG), an organization working to reduce the environmental impact of the leather industry worldwide. On the other hand, Chinese buyers, the only hope, are not showing much interest in buying leather this time, citing the new US tariff policy. The buyers who are coming are not willing to pay a fair price. As a result, tannery owners are forced to sell leather at a loss. Bangladeshi tanners “held hostage” by Chinese buyer syndicatesFigure 1: Bangladeshi tanners “held hostage” by Chinese buyer…