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

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Cindy McNaull

We have broad range of options in durable fabrics

Vidhyaa Shankar. S
A Ganapathi Chettiar

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

Eamonn Tighe
Nature Works LLC

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Robert Brunner

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

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...

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


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


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