Home / Knowledge / News / Textiles / Undervaluation affects Peruvian textile sector: COMEXPERU
Undervaluation affects Peruvian textile sector: COMEXPERU
Nov '13
The Peruvian textile and garment sector is not facing a problem due to the import of Chinese textiles and clothing but is affected by undervaluation of goods and illegal imports, according to the Foreign Trade Society of Peru (COMEXPERU).
In the latest edition of COMEXPERU weekly, the Peruvian guild for foreign trade attributes the unfair competition faced by domestic textiles to the undervaluation of goods entering the country.
According to the Peruvian National Institute for the Defense of Competition and Intellectual Property Protection (INDECOPI) investigation, the import of Chinese clothing at alleged lower prices had increased significantly in the Peruvian market and was adversely affecting the domestic manufacturers.
However, COMEXPERU is of the view that unfair competition is not because of imports of Chinese clothing but because of textile goods coming through customs without declaring their real value and increase of illegal imports.
The foreign trade guild states that according to figures released by National Superintendent of Customs and Tax Administration of Peru (SUNAT), between 2009 and 2011, undervaluation in customs had increased by 36 percent in the country. The imported textile and apparel goods entered the country declared at a lower price than their real value in order to evade taxes.
Hence, COMEXPERU believes the research by INDECOPI which was initiated in 2012, merely indicated the damage done by imports of Chinese clothing at alleged lower prices and failed to demonstrate the actual problems faced by the Peruvian textile and clothing sector.
The foreign trade guild has suggested that imposing anti-dumping measures is not the answer to the problems faced by the Peruvian textiles sector and the authorities should work on other areas involving trade policies to overcome these issues.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: BGMEA

Apparel/Garments | On 27th Feb 2017

'Brands & buyers should help Bangladeshi factory owners'

Brands and buyers should come forward to help factory owners in...

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Courtesy: PT Indonesia Taroko Textile

Textiles | On 27th Feb 2017

Taiwan's Lealea to buy Tarako textile plant in Indonesia

Taiwan based textile manufacturer Lealea Enterprise Company, one of...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eamonn Tighe
Nature Works LLC

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

Urs Stalder
Sanitized AG

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

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

Rupa Sood and Sharan Apparao

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

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


Browse Our Archives


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