Home / Knowledge / News / Apparel/Garments / Bolivia not to raise import tariff on clothing
Bolivia not to raise import tariff on clothing
10
Mar '14
The Government of Bolivia has no plan to increase tariff rates on import of apparel, Teresa Morales, Minister of Productive Development and Plural Economy, said at a press conference, La Razon reported.
 
The clarification from the Minister came a day after media reports that the Government of Bolivia is considering raising tariff rates on import of clothing. The reports attributed the statement to Luis Fernando Baudoin, the Deputy Minister of Domestic Trade and Exports.
 
At the press conference Minister Baudoin said that he had explained that the World Trade Organization puts an upper ceiling for import tariff at 40 percent, but there are countries that can impose tariffs up to 400 percent, but it does not mean that Bolivia would set a tariff of 400 percent on garments.
 
In June 2012, through Decree 1272, the Government of Bolivia increased the import tariff on garments and textiles from 30 percent to 40 percent, to protect the domestic industry and encourage the consumption of ‘Made in Bolivia’ products.
 
However, National Confederation of Micro and Small Enterprises (Conamype) has sought more measures from the Government to support, protect and promote the production of the domestic clothing industry.
 
Minister Baudoin explained that the Government is preparing a new labeling standard for garments, which will clearly mention all the components of the product, to regulate the quality of apparel entering the country.
 
According to the Bolivian Institute of Foreign Trade (IBCE), imports of textiles and apparel by Bolivia increased by 91 percent to US$ 219 million, during the six-year period from 2008 to 2013. Bolivia imported textiles and clothing worth $25 million in 2008, $22 million in 2009, $37 million in 2010, $39 million in 2011, $50 million in 2012, and $48 million in 2013.
 
From January to December 2013, China was the main supplier of textiles and garments to Bolivia with a share of 39 percent, followed by Brazil, Peru and Colombia, which contributed 23 percent, 12 percent and 8 percent share, respectively.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th Apr 2017

Kering's consolidated revenue growth rises 31.2% in Q1

The consolidated revenue growth for luxury group Kering for the first ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

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

Sanjukta Dutta
Sanjukta's Studio

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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:
April 2017

April 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