Colombia to keep tariffs on imports from Panama - sportstextiles: Lea SportsTextiles

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Colombia to keep tariffs on imports from Panama

02/08/2016
The Colombian government has announced that it will maintain tariffs on imports from Panama, despite a decision from the World Trade Organisation (WTO) which deemed them unfair. Footwear and textiles are among the products for which the tariffs will continue to apply.

The decision was made by Colombia’s finance minister, Mauricio Cardenas, and minister of commerce, Maria Claudia Lacouture. The tariffs have been in place since 2012 to protect the country’s manufacturers from the low price of textile and footwear imports from Panama.

Guillermo Botero Nieto, president of the National Federation of Colombian Traders (Fenalco), said he believes that traders will be most affected by this decision, as it will drive up the prices of footwear products and textiles and so reduce consumption.

Related stories:

Colombia seeks to protect its textile industry 14/11/2017
Colombian textile industry calls for higher tariffs on imports from Asia 04/10/2017
WTO considers sanctions in Colombia-Panama dispute 08/03/2017
Colombia relents on Panama tariffs 24/11/2016
Lack of home-grown cotton affecting Colombia’s textile industry 15/09/2016
Colombia to support textile industry after WTO ruling 29/07/2016
Value of Colombia’s fashion imports down in May 19/07/2016
Colombia has become an important fashion centre, say Italy’s machinery makers 15/12/2015
Colombia to appeal WTO ruling in dispute with Panama 30/11/2015
Colombia success brings IAF role for Botero 15/06/2015

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