Peru´s new tariff threatens Colombia´s $41 mn apparel exports

Peru is currently assessing a new tariff on apparel imports, which could impose a consolidated duty of 35% on all confections for up to four years, renewable. Such a tariff would affect more than 280 Colombian companies that have traditionally exported to that country and that, according to customs agency DIAN data, have moved about $ 115 million between 2017 and 2020. Colombia is the fourth origin of apparel imports in Peru, after China, Bangladesh and India. In 2019, $41 million was exported to Peru.

Source: La República