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

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marten Alkhagen
Swerea IVF AB

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Robert Brunner
Devereux

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search