The Columbia Government Announced A Two-Year Extension Of The Clothing Import Tax Law.

< p > to protect Columbia's "a href=" //www.sjfzxm.com/news/index_q.asp > clothing industry < /a > from unfair competition, the Columbia government announced that it would extend the import tax law for two years.

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< p > in the management dialogue of the Ministry of Commerce, President Santos announced that the import duties implemented under Decree No. 074 will continue.

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< p > Tariff Act No. 074 has been implemented since March 1, 2013. It has imposed a unified tariff of $5 / kg for all textiles and clothing imported to the country and reduced the import tax from 15% to 10%.

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< p > President Santos said that "a href=" //www.sjfzxm.com/news/index_q.asp "new tariff < /a" in a year ago fashion protected the domestic garment industry from unfair competition.

This tariff has a positive impact on garment production.

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President Santos said that the government hopes to continue this measure, which will not affect the import of real prices, but will harm those imported artificially at low prices or smuggled.

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< p > Columbia Vice Minister of enterprise development introduced the extension of import tax measures to protect the local clothing industry.

< a href= "//www.sjfzxm.com/news/index_q.asp" > clothing > /a > the limit will be 10 US dollars / kg, and all garments below the value will continue to pay the current 10% mixed duty plus 5 US dollars / kg.

Those that cost more than 10 dollars will pay 10% customs duties plus 5 US dollars / kg.

In the past, all garments were subject to a unified tax and not allowed to import some products which were not produced in Columbia, because they could not be obtained at competitive prices.

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The new measure of < p > Columbia will allow imports of products that conform to the official trade tariff level of the world trade organization, such as effective tariffs should not exceed 40%.

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