Home / Knowledge / News / Textiles / INDECOPI suggests duties on Chinese garments & US cotton
INDECOPI suggests duties on Chinese garments & US cotton
14
Aug '13
The National Institute of Defense of Competition and Intellectual Property Protection (INDECOPI) in Peru has suggested imposition of antidumping measures on imports of China’s garments and 10 percent countervailing duty on the imports of US cotton fibre.
 
The research instigated in 2012, on imports of clothing from China at alleged lower prices, and subsidies provided by the US Government on the import of cotton, indicated that the domestic apparel manufacturers and cotton producers in Peru were adversely affected by the imports.
 
In a statement, INDECOPI said the investigations on imports of Chinese clothing and cotton fibre from the US were conducted respecting the legal framework of the World Trade Organization (WTO).
 
According to the statement, the investigation of both the imports of Chinese clothing and cotton fiber from the US were conducted in a technical manner with full responsibility and observing the applicable legal framework for resolving competition disputes.
 
Velaochaga Tessano Herbert, chairman of the INDECOPI Board, said both investigations were conducted through the Commission of Antidumping and Subsidies (CFD) to identify and eliminate market distortions prevailing in the country.
 
According to the statement, in case of Chinese garments, it was found that imports had increased significantly are adversely effecting the performance of domestic manufacturers, whereas in case of cotton fibre imports, monitoring activities were conducted on the subsidies provided by US.
 
However, the Association of Exporters (ADEX) in Peru and the National Society of Industries (SNI) are not in favour of implementing the countervailing duties, as suggested by INDECOPI on the import of US cotton fiber. 
 
According to ADEX, the surcharge of 10 percent, if imposed on the import of US cotton, would adversely affect Peruvian garment exports, as the garment prices would go up by an estimated 4 percent.
 
Meanwhile, Foreign Trade Society of Peru (ComexPeru) has also opposed imposing additional surcharges on the import of Chinese garments and US cotton, as it would affect the trade and tariff policy of the country.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Larry L Kinn
Suominen Corporation

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

Paolo Ocleppo
Sandvik Hyperion

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella 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
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