Colombia intends to promote the textile and apparel sector Colombian Trade Minister Granados said that the measures announced by President Santos were aimed at promoting Colombia’s textile and clothing sector. President Santos’s remarks were made at the “Weaving Colombia” exhibition at the invitation of the Colombian Chamber of Commerce.

Granados said: "With the implementation of these measures, we will balance this important sector and generate employment." As a first step, President Santos announced the increase of tariffs on the textile and clothing sector. Such tariffs will be temporary. Sexual. In addition, a mixed tariff will be implemented, which will be based on an ad valorem tax. In addition, special tariffs will be imposed on goods imported from textiles and value chains.

Granados said that the exchange rate of the U.S. dollar is yet to be decided, and the tariff rate will be determined according to the value of the goods. This will protect the textile industry and prevent the entry of low-price imported goods and substandard paper products. Second, President Santos’s announcement included the formation of a special force to combat smuggling and customs fraud. This special force will include nine prosecutors who will investigate and prosecute related illegal trade. These measures can be used to textile illegal goods into Colombia, especially footwear and clothing.

In addition, the Colombian government will continue to work in the formal textile and apparel sector. This will be implemented through a sponsorship plan, in which large companies will work hard to support the small units, which will initially be the responsibility of the Ministry of Trade, Industry and Tourism.

In addition, the measures announced by President Santos also included the purchase of the Colombian plan in 2013 as part of efforts to increase trade and domestic demand.

Granados stressed that the textile and garment industry is crucial to generating employment and social stability. In this regard, the government will spare no effort to increase the productivity of the textile and clothing sector and protect the feasibility of the period.

In addition to these measures announced by the government, Granados also said that this year will launch a campaign to increase the productivity and competitiveness of the textile and clothing industry.

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