Home / Knowledge / News / Textiles / Online shopping affects Dominican textiles trade: ADITEX
Online shopping affects Dominican textiles trade: ADITEX
30
Sep '13
The Dominican Association of Textile Industries (ADITEX) has announced that the preferential treatment granted by the Dominican Republic Government to couriers and companies engaged in express mail for online shopping is harming the local textile trade.
 
ADITEX president David Cortes requested the urgent intervention of the Directorate General of Customs to standardize and control imports of more than 50,000 daily shipments of goods without the payment of ITEBIS (tax on transfer of industrialized goods and services) or tariffs that are required to be paid on such kind of imports, reports Diario Digital.
 
Mr. Cortes said that the exemption of duties and taxes on such goods is distorting the balance of payments which in turn is hurting the economy as well as creating an unfair competition in textile trade.
 
According to the ADITEX president’s estimates nearly US$ 700 million worth of goods enter the Dominican Republic evading taxes through courier companies.
 
Mr. Cortes said that the ADITEX is not opposed to online shopping or modernization but the couriers evade duties and taxes, and the shipments are also not fully verified, and hence it is unfair to the domestic textile traders.
 
If the online shopping completely disappears, the domestic textile companies, which currently employ over 100,000 Dominicans, would be able to create 30,000 more jobs in the country, he added.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Silke Brand-Kirsch
Schlegel und Partner

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

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

Jay Ramrakhiani
Occasions Elegance Wear

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

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:
May 2017

May 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