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Chinese imports threaten Colombian garment sector jobs
26 Mar '12
1 min read
Thousands of people working in Colombia's textile and clothing sector are at risk of losing their jobs due to the influx of Chinese apparels after the Government lowered import duty in 2011, according to an expert.
They predict that the trend of importing garments from China in larger volumes will continue and may result in imports exceeding exports, thus reversing Colombia's traditional favourable balance in garment trade.
There has been a dramatic 64 percent increase in Colombian imports of garments since import tariffs were reduced in 2011, experts said.
In Colombia's town of Antioquia, known for housing several garment manufacturing units, the increased imports of apparels is threatening the jobs of thousands of workers, mostly single mothers, they added.
For example, they mention that Textiles Fabricato Tejicondor S.A., a leading Colombian textile company with base in Antioquia, has reduced its personnel by 11 percent last year owing to a decline in sales.
They predict that the trend of importing garments from China in larger volumes will continue and may result in imports exceeding exports, thus reversing Colombia's traditional favourable balance in garment trade.
There has been a dramatic 64 percent increase in Colombian imports of garments since import tariffs were reduced in 2011, experts said.
In Colombia's town of Antioquia, known for housing several garment manufacturing units, the increased imports of apparels is threatening the jobs of thousands of workers, mostly single mothers, they added.
For example, they mention that Textiles Fabricato Tejicondor S.A., a leading Colombian textile company with base in Antioquia, has reduced its personnel by 11 percent last year owing to a decline in sales.
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