The Government of Colombia, through the ministry of commerce, industry and tourism, has announced the implementation of zero per cent import tariff on 165 goods under Decree 307 of 2022. The list includes 60 textile items, comprising various types of yarn, fabrics and carpets. The move is part of government's efforts to ease price rise and tame inflation.
Citing the ‘Commercial Report, March 2022’ of Embassy of India, Colombia, The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) said that the Colombian government had announced the removal of duty in March. Sharing the information with the industry, SRTEPC has asked its members to explore the opportunity to enhance India’s textile exports to Colombia.
As per the information provided by Embassy of India (EOI), Bogota, the Colombian government has removed import duty on textile items that fall under HS codes 50 to 58 and 60.
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