COLOMBIAN GOVERNMENT PLAN TO BOLSTER TEXTILE SECTOR WELCOMED BY INDUSTRY
December 1st, 2012
BY ANDREW ROSATI, IN CARACAS
Colombia's textile and clothing sector has welcomed an initiative unveiled by the country's President Juan Manuel Santos to help boost Colombian textile and apparel manufacturers through new tariffs and anti-smuggling measures.
These temporary duty increases include a new mixed tariff which includes a standard ad valorem charge, as well as a special tax in a fixed dollar rate on goods imported from foreign textile and clothing chains.
"The measures help to protect the domestic textile and clothing chains," said Andrés ...
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