Home / Knowledge / News / Apparel/Garments / Colombia to review tariff on apparel imports from Panama
Colombia to review tariff on apparel imports from Panama
13
Aug '13
Mr. Martinelli (L) and Mr. Santos (R)
Mr. Martinelli (L) and Mr. Santos (R)
The President of Panama, Ricardo Martinelli met with Colombian President Juan Manuel Santos and discussed the lifting of tariff measures on the import of apparel from the Colon Free Zones (CFZs), a free trade zone in the port of Colon, Panama.
 
According to a statement issued by the Presidency of the Republic of Panama, both the leaders discussed reviewing the issue of extraordinary tariff collection that applies on Panama’s exports of apparel from the CFZs.
 
This was among the several topics discussed between the Presidents of the two countries during the official visit of the President of Panama, in Cartagena, Colombia.
 
According to the statement, the Colombian President announced a review on the special duty of US$ 5 per kilo charged on the imports of apparel from CFZs.
 
President Santos said Panama meets with the standards required by the Organization for Economic Cooperation and Development (OECD).
 
In March 2013, Colombia had imposed an additional five dollars per kilo duty on apparel imported from other countries, including Panama, irrespective of the price of the imported product, while reducing the tariff on textiles and apparels from 15 to 10 percent.
 
The duty affects apparel exporters from Panama’s CFZs, and exporters had voiced their opposition even during the talks for Colombia-Panama Free Trade Agreement, the negotiations of which ended in June, 2013.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Karan Arora
Karan Arora

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X