An amount of US$ 12 million has been collected in the first quarter of this year in the form of anti-dumping duty imposed on garments of Chinese origin in December last year, Foreign Trade Society of Peru (Comex) has announced, reports Gestion.
In December 2013, the National Institute for Defense Competition and the Protection of Intellectual Property (INDECOPI) imposed anti-dumping duties on five types of clothing—polos, shirts, pants and shorts, innerwear, and socks—imported from China in order to neutralize the damage caused to the Peruvian domestic industry due to imports of clothing from China, which entered Peru at dumping prices.
Of the five categories, pants and shorts alone accounted for nearly $9 million or 74 percent of the total amount collected between January and March, Comex said.
Anti-dumping duties on imports of pants and shorts are collected at $3.73 per garment, while duties on the other four items range between $0.14 and $1.00 per garment.
These duties are applicable to Chinese clothing which are imported at less than or equal to $6.73 for shirts, $15.98 for trousers and shorts, $4.33 for polos, $1.59 for innerwear and $1.24 for socks.
The Peruvian apparel sector mostly consists of micro and small enterprises that directly and indirectly generate about 215,000 jobs.
In 2013, Peru exported textiles and clothing worth $2 billion, of which clothing shipments totaled $1.6 billion, accounting for 80 percent of the total textile and apparel exports from the country.
The US was the main destination for exports of Peruvian textiles and garments, accounting for 34 percent of the overall exports of textiles and apparel during 2013.
Fibre2fashion News Desk - India