Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

Peru earns $12 m from China as anti-dumping duty

As per the Foreign Trade Society of Peru (Comex) report, Peru earned $12 million in the first quarter of this year in the form of anti-dumping duty imposed on garments of Chinese origin in December last year. Last December, the National Institute for Defense Competition and the Protection of Intellectual Property (INDECOPI) imposed anti-dumping duties on five types of clothing imported from China.

 

The state's agency carried out this mechanism in order to neutralize the damage caused to the Peruvian domestic industry due to imports of clothing from China, which entered Peru at dumping prices. Of the five categories, pants and shorts alone accounted for nearly $9million or 74 per cent of the total amount collected between January and March, Comex said.

 

Anti-dumping duties on imports of pants and shorts are collected at $3.73 per garment, while duties on the other four items range between $0.14 and $1 per garment. These duties are applicable to Chinese clothing which are imported at less than or equal to $6.73 for shirts, $15.98 for trousers and shorts, $4.33 for T-shirts, $1.59 for innerwear and $1.24 for socks.

 

In 2013, Peru exported textiles and clothing worth $2 billion, of which clothing shipments totaled $1.6 billion, accounting for 80 per cent of the total textile and apparel exports from the country. The United States was the main destination for exports of Peruvian textiles and garments, accounting for 34 per cent of the overall exports of textiles and apparel during 2013.

 

Export.gov

 

 
LATEST TOP NEWS
 
 
MOST POPULAR NEWS