>>
Home / Knowledge / News / Apparel/Garments / Import duty on kids apparel to reduce drastically in Fiji

Import duty on kids apparel to reduce drastically in Fiji

15
Jun '19
Import duty on apparel for kids will be cut from 32 per cent to 5 per cent, Fijian economy minister Aiyaz Sayed Khaiyum announced in the 2019-20 budget. The step will help retail shops stock more affordable garments that will benefit both business owners and parents, he said. Tax will be reduced by 200 per cent for production companies that import equipment.

The Fijian Government has set its expenditure at $3.84 billion and total revenue forecast at $3.49 billion. The country’s net deficit is budgeted at $349.2 million or 2.7 per cent of its gross domestic product (GDP), according to Fijian media reports.

Given the level of net deficit, the Government’s debt stock is estimated to be around $5.97 billion or 47.1 per cent of the GDP at the end of July next year.

Government expenditure growth is around 4.8 percent with revenue projected to grow by 7.2 percent and tax revenue growth is expected to be around 5.9 percent in line with the nominal GDP growth rate. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 19th Jan 2022

Supply bottlenecks, high prices, omicron affect growth prospects: ECB

The global economy is on a recovery path, although persisting supply...

Pic: Shutterstock

Textiles | On 19th Jan 2022

Cargo flight sector in China recovers to near-2019 level

The air cargo industry in China has recovered, nearing the 2019...

Pic: Shutterstock

Textiles | On 19th Jan 2022

Inflation peaks months earlier in Turkey than expected

Turkish finance minister Nureddin Nebati said inflation would peak in ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Dr. Catherine Tubb,

Dr. Catherine Tubb

Created in 2018 to investigate the risk of market failure related to...

Dr. Ajay Sahai,

Dr. Ajay Sahai

Set up in 1965 by Ministry of Commerce, Government of India to focus the...

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

 Natacha Defeche, Edana

Natacha Defeche
Edana

Since 1971, EDANA, the International association serving the nonwovens and ...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

<b>Ruma Devi i</b>s a jet-setting promoter of artisans who has empowered...

Dahlia Razzrook, Label - Dahlia Razzook

Dahlia Razzrook
Label - Dahlia Razzook

London based designer, <b>Dahlia Razook</b> known for her luxury...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

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

Leave your Comments

ESTEEMED CLIENTS

BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Sportmaster Ltd.
Lifestyle
Walmart
Etam Group Strategy Hong Kong Limited
Seasalt Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Abit
SYNERGIES HONG KONG LIMITED
Calvin Klein
Sateri (Jiujiang) Fiber Co.,Ltd
BIANCA
Restoque S.A.
Eastman Chemical Company
Alix Partners
John Varvatos
C;&A Sourcing International Ltd
Benetton Group
Amazon China
Rosset ;& Cia Limited
T.T. Limited
KIABI
Green Fibre
Truetzschler India Private Limited
Recron Polyester from Reliance Industries Limited
Gokaldas Exports Limited
Reiter India Private Limited
Arvind Limited
Esprit Europe Services GmbH
Tory Burch Hong Kong Ltd
Tchibo GmbH
IKEA of Sweden AB
Maceton Limited
Gloria Jeans
KAS Direct Sourcing
Asos
BIMBA ;& LOLA SL
Sportswear Company Spa
Grasim Industries Limited
Permoda(Koaj/Armi/Pronto/Bkul)
J ;& P Coats
Rayonese Textile Inc., Division de Culp Inc.
Helly Hansen Far East Ltd
Gatsby Africa
Vianney Textil Hogar S.A. De C.V.
Page Industries Limited (Bangalore)
The Top Form Brassiere Manufacturing Company Limited
International Textile Manufacturers Federation
Babyshop
Chori Company Limited
Hirdaramani International Export Private Limited
G-Star Raw C.V.
Lacoste (Wanchai)
Lenzing Aktiengesellschaft
Sainsbury's Argos Asia Limited
Guess Europe Sagl,
Puma
Midas Clothing Limited
Tommy Hilfiger
Under Armour Global Sourcing Ltd
Chico’ FAS
Vardhman Textile Ltd
Lululemon Athletica Inc
Bluestem Global Sourcing Limited
IDH – The Sustainable Trade Initiative
Decathlon
NITI Aayog
Brandix Lanka Limited
OVS Hong Kong Sourcing Ltd.
Lisa S.P.A.
Desigual - ABASIC, S.A.
H;&M Hennes ;& Mauritz (Far East) Ltd
Cat Tuong Real Estate Group Joint Stock Company
THE BOMBAY DYEING ;& MFG.CO. LTD
TESCO INTERNATIONAL SOURCING LIMITED
Alison Hayes Romania
Hela Clothing Pvt Ltd
Boardriders Asia Sourcing Limited
PVH Corporation
LC Waikiki
Gap International Sourcing Limited
Aramark Uniform ;& Career Apparel, LLC
Huntsman (Singapore) Pte Ltd
Target Corporation (MN)
Groz-Beckert East Asia LLP
The LYCRA Company Singapore  Pte. Ltd
Phong Phu international JSC (PPJ)
SHAHI Exports Pvt Ltd
Splash
Varner AS Retail

January 2022

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


Advanced Search