Home / Knowledge / News / Textiles / MPs demand time reduction for duty imposition on imports
MPs demand time reduction for duty imposition on imports
01
Jun '10
In order to aid susceptible firms ward off destruction, Members of Parliament (MPs) have urged the International Trade Administration Commission (Itac) to speed up implementation of protectionist measures.

MPs believe that Itac takes too long to tackle tariff reform applications and hence, firms under threat, who have appealed for backing, are exposed to low-priced imports for longer periods of time.

The most obvious example, of Itac's delayed response to tariff applications is the domestic textile and apparel industry, which has been destroyed. Incessant requests for immediate implementation of protectionist measures against the inflow of cheap Chinese goods fell on deaf ears.

This resulted in to shut down of numerous firms and thousands of job losses. By the time the protectionist measures came into practice it was too late.

The Parliament's trade and industry committee is resolute towards reduction of time for implementation of protectionist measures by Itac, so that, they can passively provide backing to the textile and apparel industry. Itac should not under-estimate the industry's ability to survive in the market. The committee is yet to approve a report for the same.

According to the committee, South Africa should opt for progressive approach towards tariffs so that, they are implemented in a planned manner, which will in-turn help in the growth of the domestic industry. As per the report, private players should also be encouraged to acquire more domestically manufactured goods.

However, the most important aspect of the industrial policy action plan is to pull out government's multibillion-rand yearly stimulus package to promote the domestic industry. But the committee prefers that private players too partake in accumulating funds for reviving the domestic industry, by linking it to probable import replacement projects.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Paolo Ocleppo
Sandvik Hyperion

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Pranav Mishra
Huemn

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

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
January 2017

January 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