Colombia has removed tariffs on synthetic and cotton yarns to lower input costs and strengthen its textile, apparel and footwear industries.
The decision follows volatile yarn imports and rising pressure from low-priced Asian competition.
By reducing reliance on informal sourcing and improving conversion margins, the policy aims to lift production, support jobs and encourage new investment.
The decision follows volatile yarn imports and rising pressure from low-priced Asian competition.
By reducing reliance on informal sourcing and improving conversion margins, the policy aims to lift production, support jobs and encourage new investment.