The ongoing crisis among European and the U.S. economies is making itself felt among handicraft producers in Bali who report exports are down 7%.
Data provided by the Department of Industry and Trade, as reported by Beritabali.com, estimate that the value of yearly handicraft production from Bali to Europe and the U.S.A. have a total value of US$300 million.
The head of the Bali Department of Industry and Trade, Gede Darmaja, on Tuesday, October 4, 2011, said the 7% downturn in handicraft exports was “dangerous,” bearing in mind that nearly 90% of Bali’s handicraft exports are destined for Europe, the U.S.A. and Japan.
He described the status the handicraft export business in Bali at the moment as “critical” with ripple effects that will be felt on levels of unemployment on the island.
He also waned that upstream supply industries for the handicraft sector, such as wood and silver supply, will also be affected by the current downturn.
Darmaja revealed that while waiting for markets to Improve in Europe, America and Japan his office would focus on increasing sales to other markets in Saudi Arabia and the Middle East.
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