Egypt'S Clothing Import Tariff Rises And Loses

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Xiaobian of the network introduces to you that the import tariff of Egyptian clothing has increased 5 times, and some of the Dongyang enterprises have suffered losses.

In September 2014,

The government has substantially adjusted import tariffs, and the import tariff of clothing has been adjusted to 5 times as much as before. Dongyang's part of the garment enterprises that suffered losses suffered great economic losses.

According to the staff of the Dongyang Office of Jinhua entry exit inspection and Quarantine Bureau, so far this year, Dongyang has exported 216 batches of Egyptian clothing, with an amount of US $16 million 270 thousand.

Due to seasonal factors, the delivery period of garment factories is concentrated in August, September and October. In September, the goods began arriving at the Egyptian ports.

After Egypt's tariff increase, customers were not willing to pay bills of lading because of heavy losses, resulting in a large number of goods in port.

It is understood that a total of more than 10 garment factories in Dongyang produce Egyptian clothing, mainly in women's suits and women's Arabia robes.

Its exports are mostly low-end products in the Egyptian market, with low technology content and mainly sales volume, which accounts for about 40% of the total market share of Egypt.

"This time Egypt has substantially increased tariffs, and customers have asked us to reduce prices and share losses, otherwise we will not take delivery."

The head of Dongyang Kang Bei garment factory has no choice but to say, "we can only promise, otherwise the customer will not pick up the goods, and do not say the loss of the freight back and forth, even if we pull it back, this style will be sold.

Other countries do not sell well.

It is estimated that the loss caused by the tariff adjustment in Egypt has been pferred to the garment manufacturers in Dongyang from about 3 points to 4 points, that is to say, the original profit margins of the enterprises should be at least 3% of the total price loss.