Zimbabwe Cuts Import Duty On Clothing

The government of Zimbabwe decided to cut tariffs on imports of clothing and textiles, financial aid Dali Betty said.

According to the 2012 national budget statement at the end of last year, textiles and clothing items tariff Recently increased from (40%+1 US dollars) / kg to (40%+3 US dollars) / kg.

Beattie said that the stakeholders in the clothing and textile industries are 2012 of the government's finances. budget Some tariff measures, which came into force in January 1st this year, have raised concerns.

Betty added that the government will soon begin to discuss this issue with stakeholders, and that tariffs will be formally announced soon.

The new measures to reduce imports this year helped domestic production, to the state. Spin Industry provides a level playing field. However, the local production department can meet domestic demand, Beattie said.

In 2011, Zimbabwe's total exports amounted to US $3 billion 670 million, less than US $6 billion 200 million imports. Such high dependence on imports can not last for a long time, so measures need to be taken to support the growth of domestic production.