Minister Of Trade And Industry Of Columbia Opposes Tariffs On Imported Textiles

Columbia Securities Journal: Columbia Minister of trade and industry objected to the entry of tariff items on imported textiles in the national development plan (Draft).

Columbia Securities Daily reported on April 12th that the tariff rate of imported textiles from US $20 / kg was raised from 15% to 37.9% in the national development plan (Draft), which was deliberated by the cabinet of ministers. Therefore, Restrepo, Minister of tourism of the Ministry of trade and industry, said that two items were not included in the legislation of the Congress. The first is that the Constitution stipulates that the tariff ruling is an administrative power, and that the relevant contents are insufficient in the legislation. Two, adding tariffs will undoubtedly further encourage smuggling.

He also pointed out that, on the one hand, we should continue to strengthen the cross sectoral linkage mechanism of trade facilitation, on the other hand, we should strengthen joint efforts with the customs, industry and other relevant departments to crack down on smuggling.

In addition, the chairman of the national entrepreneur association of Columbia (Andi) and the vice chairman of the National Federation of businessmen (Fenalco) also expressed the same position and viewpoint, and pointed out that the textile industry has been highly mature, with little room for scientific and technological progress and high capacity growth. If the tariff rate is raised, the market gap is bound to be smuggled into smuggling.