Saturday, May 2, 2009

Free Trade Deal With China Won't Hurt Peru's Textile Industry


Amidst increasing concern that a free trade pact between Peru and China could negatively affect the Andean country's textile manufacturers, the ministry of foreign trade has announced that tariffs for these products will not be reduced.Tariffs will remain at 17 percent for clothes, textiles, shoes and metalwork from China i.e. products sensitive to Peruvian industries, announced the Vice Minister of Foreign Trade, Eduardo Ferreyros (right)."We have prioritized the protection of these sensitive products, which means that textile, shoe, metalwork and clothes goods are excluded from the trade deal, said Ferreyros, affirming that duties for these products would always remain at 17 percent.In other statements, the head of the Andean country's foreign trade ministry, Minster Araoz, assured that China had never signed a free trade deal as ample with any other country as it was about to sign with Peru."It is clear we have achieved more than many other countries, especially on the defensive side, in which we have managed to get China to exclude 10 percent of its tariff items," said Araoz."Chile only managed to get 5 percent."
Amidst increasing concern that a free trade pact between Peru and China could negatively affect the Andean country's textile manufacturers, the ministry of foreign trade has announced that tariffs for these products will not be reduced.Tariffs will remain at 17 percent for clothes, textiles, shoes and metalwork from China i.e. products sensitive to Peruvian industries, announced the Vice Minister of Foreign Trade, Eduardo Ferreyros (right)."We have prioritized the protection of these sensitive products, which means that textile, shoe, metalwork and clothes goods are excluded from the trade deal, said Ferreyros, affirming that duties for these products would always remain at 17 percent.In other statements, the head of the Andean country's foreign trade ministry, Minster Araoz, assured that China had never signed a free trade deal as ample with any other country as it was about to sign with Peru."It is clear we have achieved more than many other countries, especially on the defensive side, in which we have managed to get China to exclude 10 percent of its tariff items," said Araoz."Chile only managed to get 5 percent."
for more information, please visit http://www.cantonfootwear.org/

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