Home / Knowledge / News / Apparel/Garments / Colombian govt extends apparel import tariff for 2 years
Colombian govt extends apparel import tariff for 2 years
22
Jan '14
L-R: Mr. Santos, Mr. Rojas & Ms. Palau
L-R: Mr. Santos, Mr. Rojas & Ms. Palau
In order to protect the Colombian apparel industry from unfair competition, the Government has announced extension of the apparel import tariff law for two years after partial modification arrived at after an agreement was reached between manufacturers and traders.
 
During the Dialogues of Management at the Ministry of Commerce, President Juan Manuel Santos announced that the current import tariff measures as applied through Decree 074 will continue.
 
Decree 074 of Customs Tariff, which has been implemented since March 1, 2013, imposed a uniform tariff of US$5 per kg on overall textiles and apparel imports to the country and reduced the tax on imports from 15 percent to 10 percent.
 
The President said that new tariff was imposed about a year ago to protect the domestic clothing industry from unfair competition. This tariff has impacted positively to the production of garments, he added.
 
He said the Government wants to continue the measure and added that it would not affect those who import at real prices, but would harm those who import at artificially lower prices or through smuggling.
 
Subsequently, in the presence of the President and Commerce Minister Santiago Rojas, María del Mar Palau, Deputy Minister of Enterprise Development, briefed about the scope of the extension of the import tariff measure to protect the local garment industry.
 
“The threshold value would be $10 per kilo of clothing, and all garments below that value would continue to pay the current mixed tariff of 10 percent plus $5 per kilo of clothing. Garments that are priced above $10 per kilo would have to pay tariff at 10 percent plus $3 per kilo,” explained Deputy Minister Palau.
 
She added that earlier all the garments were taxed uniformly and it did not allow import of certain products that were not produced in Colombia, as it was not available to consumers at competitive prices.
 
The new measure would allow imports of products in accordance with formal trade tariff levels of the World Trade Organization (WTO), i.e. the effective tariff should not exceed 40 percent, she explained.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marten Alkhagen
Swerea IVF AB

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Wendell Rodricks
Wendell Rodricks

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Prathyusha Garimella
Prathyusha Garimella

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

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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