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Argentine kids' wear traders urge govt to regulate informal markets
20
Oct '11
Argentine traders engaged in kids' wear have urged the Central Government to regulate retail sales of all informal markets like “Feria de La Salada” so as to ward off any unfair competition.

Members of the Argentine Chamber of Baby and Child Clothing Industry (CAIBYN) claimed that the domestic textile industry is being badly hit by informal retail sales market as prices offered by these markets are at times around 400 percent less than those charged by stores and shopping malls for the same products.

The informal market traders can afford to sale goods at such low price as they engage in illegal practices like tax evasion, corruption and slave work, the Chamber claimed.

CAIBYN Head Víctor Hugo Benyakar forewarned that there is large scale corruption involved in operations of La Salada, which is South America's largest black market, and the Government has to make a choice whether it wants to follow an industrial country model or just fill the coffers of some individual.

He even stressed that while clothing entrepreneurs in Argentina bear taxes, employees' benefit expenses and other service charges, those operating in La Salada only pay rents for their shops.

Fibre2fashion News Desk - India


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