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    The Association Of Textile Mills Urged The Government To Cancel Import Duties On Cotton.

    2019/9/30 16:26:00 0

    ImportCottonTariff

    Dr. Amanulla Kassim Machiyara, chairman of the APTMA, urged the federal government to immediately introduce tax relief for imported cotton to support domestic industries. Amanullah asked: "the federal government should immediately withdraw the 3% regulatory tax on imported raw cotton, 2% additional duty and 5% sales tax, so as to enable the textile industry to meet its requirements." He said that the latest cotton statistics and the domestic cotton prices of PCGA show that compared with the same period last year, the current volume is very small. He added: "the price of raw cotton is now higher than that of imported substitutes. If this trend continues, the textile industry will lose competitiveness and directly affect our exports."

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