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

Apparel/Garments | On 25th May 2017

AAFA reinforces opposition to Border Adjustment Tax

The American Apparel & Footwear Association (AAFA) has reinforced its ...

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Anvita Mehra
Confidential Couture

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Sanjukta Dutta
Sanjukta's Studio

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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:
May 2017

May 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