Home / Knowledge / News / Apparel/Garments / Colombian Prez commits to boost textile & apparel sector
Colombian Prez commits to boost textile & apparel sector
23
Jul '14
At the inauguration of the 25th edition of Colombiamoda, the President of the Colombian Republic, Juan Manual Santos Calderón, accepted the invitation made by the Executive President Carlos Eduardo Botero Hoyos of Inexmoda to transcend limits and propel the competitiveness of the sector internationally.

“I accept the challenge and the invitation presented by the sector so that Inexmoda can define the necessary elements needed to propel competition”, said Colombia’s President in front of business men and women present at the Show.

The CEO of Inexmoda took advantage of the President´s presence at the show to emphasize the extension of the Decree 074 which increased apparel taxes, stimulating internal production of apparel. This has helped combat counterfeit products, generating more job and business opportunities in the textile-apparel chain.

The head of State underlined the effects of the decree, extending it for a year via the decree 456 and stated that it has been vital for the recuperation of the production and employment in the sector. “Footwear and apparel imports have reduced 20% since the beginning of 2013”.

Similarly, Santos utilised Inexmoda´s appeal to propel the Anti-Contraband Law in Congress, which has been approved in the First debate held by the First Commission of the Senate. He has indicated that the application of the Law and the fight against contraband will be the principal challenge for the new Director of DIAN, Santiago Rojas Arroyo, the acting minister for trade.

President Santos also utilised Inexmoda´s appeal to underline the joint efforts of DIAN, the Fiscal and Customs police as well as ANDI in their fight against counterfeit items.

The CEO of Inexmoda, Carlos Eduardo Botero Hoyos, asked President Santos for the Government's support to end the implementation of the Free Trade Agreement signed with the USA, to accelerate the application of what is known as the “Accumulation of Extended Origin”, which should be applied within the first 6 months of entry validity of the agreement.

According to the CEO of Inexmoda, “this mechanism of integration between Peru, Chile, Central America, Canada and Mexico with the United States, allows for Colombian supplies to be utilised as prime material for manufacturing of apparel in these countries, as well as vice versa”, and emphasised that an URGENT acceleration of this process is needed in order to ensure good use of the FTA is strengthened for the whole sector and that further employment opportunities are created for the country.

The main aim is that the same norms apply in the process of accumulation and are applied in a reciprocated fashion with Mexico, Chile and the Central American Countries (CAFTA) to export to the USA. This will allow these countries to sell textiles to Central American producers and export apparel to the American market with fabrics that are not produced in Colombia but are indeed produced in CAFTA countries, which now export without taking advantage of the FTA.


Must ReadView All

Courtesy: Fashion Revolution/Fashion Transparency Index

Fashion | On 23rd Apr 2018

Top global fashion brands now more transparent

Fashion Revolution’s Fashion Transparency Index 2018 reveals Adidas...

Japan’s clothing imports up 4% in fiscal 2017

Apparel/Garments | On 23rd Apr 2018

Japan’s clothing imports up 4% in fiscal 2017

Japan’s imports of clothing and accessories increased by 4 per cent...

PVH, WWF tie up to protect water bodies in Ethiopia, India

Apparel/Garments | On 23rd Apr 2018

PVH, WWF tie up to protect water bodies in Ethiopia, India

PVH Corp , parent company of brands like Tommy Hilfiger, Calvin...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Marten Alkhagen
Swerea IVF AB

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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