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Differences arise over banning textile imports
19
Jun '10
There is a difference of opinion amongst textile manufacturers in Nigeria as to whether there should be an outright ban on import of textile materials in to the country or whether there should be a partial lifting of the ban.

Those in favour of partial lifting of the ban aver that the government is losing heavy revenues by way of import duties, since textile goods are still flowing in to the country by way of smuggling of goods.

They also say that the government should come down heavily on smuggling of textile goods in to the country rather than banning imports. The revenue generated from import duties should be channeled into the cotton sector, they add by saying.

They are also in favour of importing semi-finished textile raw materials like yarn and fabrics duty-free in to the country to be later converted into finished products.

Fibre2fashion News Desk - India


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