Home / Knowledge / News / Apparel/Garments / Colombia imposes duty on imported clothing
Colombia imposes duty on imported clothing
23
Jan '13
President Juan Manuel Santos
President Juan Manuel Santos
The Latin American country of Colombia has announced imposition of US$ 4 per kg tariff on imports of textiles and apparels into the country.
 
The announcement was made by President Juan Manuel Santos during the inauguration of Colombiatex 2013.
 
The President said the new tax has been announced to protect the country against unfair competition. He said there has been an increase in low-cost textile and apparel imports in recent period, which is a threat to Colombia’s domestic textile industry.
 
While uniformly imposing a US$ 4 per kg tariff on all textile and clothing imports, the existing tax on the same has been reduced from 15 percent to 10 percent. As a result, the new measure will only affect imports of very low-cost textiles and apparels.
 
The tariff will be uniform for imports of clothing from all countries and will be initially applicable for six months. However, the period of levying of the duty can be extended further depending on the conclusion of an ongoing study on anti-dumping.
 
Around 475 exhibitors are participating in Colombiatex of the Americas 2013, the most important textile-clothing chain event in Latin America featuring the most extensive range of textile raw materials, including chemicals, fibres, yarns and filaments; machinery for textile and clothing sector; as well as apparels, including industrial wear.
 
Around 1,500 buyers from several countries including Ecuador, India, Brazil, Italy, Peru, Mexico, Turkey, Portugal, Spain and the United States are likely to visit the three-day fair that concludes on January 24, 2012.
 
Carlos Eduardo Botero, director of Inexmoda, organizer of the fair, expects the sales at Colombiatex to touch US$ 120 million, same as that achieved in 2012.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 25th May 2016

Vietnam’s fabric & garment exports up 6.7% in Jan-April

Fabric and garment exports from the Southeast Asian nation of Vietnam ...

Textiles | On 25th May 2016

CAIT for joint coalition of trade & industry on GST

Proposing a joint coalition of trade and industry bodies, the...

Apparel/Garments | On 25th May 2016

‘Mauritius is reliable supplier of high-value garments’

The textile and apparel industry in Mauritius has become a reliable...

Interviews View All

Rahuul Jashnani
Jashn

What is the size of the ethnicwear vertical in India? How are Indian...

Amrit Sethia
SOIE

What are the emerging trends in the intimatewear category for women in...

Binoy Ravjani
Hero's Fashion

What are the latest trends in hand block printing?

Eamonn Tighe
Nature Works LLC

<b><i>Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of ...

Silke Brand-Kirsch
Schlegel und Partner

<b><i>Silke Brand-Kirsch, executive partner of Schlegel und Partner, a...

Giorgio Mantovani
Corman S.p.A

<b><i>Giorgio Mantovani, MD of Corman, with a presence in both Milano and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

"There are a lot of people wearing western clothes in India as well. But...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
May 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search