He Ministry of Commerce, Industry and Tourism seeks impose additional tariffs of the 10 percent and 20 percent to an extensive list that exceeds 120 products.
The entity argues that this measure seeks strengthen national production, optimize the conditions of competition within the domestic market and correct trade distortions associated with increase in imports coming from countries with which Colombia does not have current trade agreements.
This project is consolidated as the first great decree of “smart tariffs” promoted under the mandate of the President Gustavo Petro. The measure has been described as a “modern trade policy tooltechnical and differentiated.”
Its institutional design will allow promoting greater use of the installed productive capacity, strengthen productive chains traditional, contribute directly to the generation and sustainability of employmentand support various sectors considered strategic for him economic growth general of the country.
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The strategy includes specific settings for a list of products and subproducts that already have offer in the national territory.
In this sense, the tariff level assigned will depend on the real share of domestic supply within each productive chain. Among the industrial sectors What will these take on? additional tariffs are found the steel, wood, plastic, the metal-mechanical and petrochemical sectors.
- 10% additional tariff: paper; wood; iron or steel bars; copper or aluminum cables; iron or steel bars, profiles and wires; toilet seats and covers; boxes, bottles and similar articles of plastic; textiles and synthetic manufactures; toothbrushes, hairbrushes or brushes for cosmetic application; and gutters, tiles, moldings, among others.
- 20% additional tariff: glass; plastics; leather goods; umbrellas, canes and parts of footwear; buttons; zippers; clothing; hats; bedding; curtains; home textile articles; camping supplies; mattresses; security elements and school supplies, among others.
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In addition, the decree stipulates that in sensitive sectors like that of textile-clothing the reduction or fixation of 0 percent tariffs for those essential raw materials and inputs that are not produced in Colombia.
This is intended ensure timely supply of the national manufacturing industry and strengthen your competitiveness in international markets, especially with regard to the production of goods with export vocation.
He Ministry of Commerce, Industry and Tourism assured that this tariff design It is the direct result of a process of technical dialogue advanced by him National Government with different unions and representatives of the productive sectors.
Through joint work tablesthe local businessmen provided detailed information on the needs of each value chainthe distortions of competition that they face on a daily basis and the most appropriate mechanisms to strengthen internal manufacturing.
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Diana Morales, Minister of Commerce, Industry and Tourism. Photo:MinCommerce.
“The productive transformation requires instruments capable of responding to a increasingly complex international economymarked by deep competition asymmetriesprocesses of productive relocation and a growing dispute over the generation of added value“explained the Minister Diana Marcela Morales.
For the official, the smart tariffs They are part of that response. “They do not start from a uniform logic regarding international trade, but from a reading of the productive capacities of the country and of the needs of each value chain”he added.
He also stated that this initiative strengthen national production where they exist industrial capabilities with expansion potential, while facilitating access to essential strategic inputs to improve the industry competitiveness.
