Home / Knowledge / News / Textiles / Colombia attempts to boost textile & apparel sector
Colombia attempts to boost textile & apparel sector
01
Dec '12
The Minister, Sergio Diaz-Granados, said that measures announced by President Juan Manuel Sntos, aim to boost the textile and apparel sector in Colombia. The President’s words came within the context of "Weaving Colombia," a major event of the sector, which by invitation of the Colombian Chamber of Apparel, included businesspersons of the sector in Beijing.

"With these measures, we leverage this very important sector for the economy and job creation": Minister Diaz-Granados.As a first step, President Santos announced a tariff increase for the textile and apparel sector, which will be temporary. Additionally, there will be the implementation of a mixed tariff, which will set an ad valorem tariff, in addition to a special tax for goods imported from the textile and apparel chain.

Minster Diaz-Granados said that this will fix a dollar rate, to be determined, and a tariff percentage over the value of the merchandise, so as to protect the industry from low priced imports or sub-manufactures.

Secondly, the announcement included the creation of a special force to combat smuggling and customs fraud, which is comprised of nine prosecutors that will conduct investigations and prosecutions related to illegal trade. According to the Minister, this measure is necessary to prevent the entry of illegal goods into the country, especially in the areas of footwear and apparel.

Also the Administration will continue its work on the issue of formalizing the sector. This will be done through the Sponsor Plan, where large companies will undertake efforts to support smaller ones in the process of formalization, which is an initiative that will be managed by the Ministry of Trade, Industry, and Tourism, through its Productive Transformation Program (PTP). According to the Minister, this measure will encourage businesses to formalize, which is a scenario where “all Colombians win.”

Another measure that was put forth by President Santos included the announcement that, in 2013, the Buy Colombian Program, of the Ministry in question, will be strengthened and will reach most parts of the country. This is part of the effort to boost trade and domestic demand.

As for the Minister, he emphasized that the textile and apparel industry is crucial to job creation and social stability in the country. On this account, he said that the Administration will spare nothing to increase the sectors productivity or protect its viability.

In addition to these measures announced by the Administration, Minister Diaz-Granados took stock of the strategies that have been launched this year to improve the productivity and competitiveness of the industry. It includes, Preparation of a draft bill, together with the private sector, to protect the industry from smuggling and counterfeiting, which will be placed before Congress in the coming year. Simplification of procedures and an analysis, conducted by the Ministry and Dian, for the unification of the application for certificate of origin and the registration of domestic production into a single form. This issue has been studied by both instances.

Must ReadView All

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marcel Alberts
Eurofibers

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin
Chapurin

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

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search