A billion tires enter landfills, are burned, or litter the landscape every year, and more will be dumped as auto use surges planetwide. Industry analysts and entrepreneurs are pressing for circular economy solutions.
“The government needs to decide if it wants to protect employment here or hand it to Asian countries,” Camilo Rodriguez, president of Colombia’s Apparel And Related Products Chamber (CCCyA), told Sourcing Journal.
Bowing to industry pressure, Bogota unveiled an industry-splitting decree a fortnight ago, hoping to stem Asian imports from denting local sales amid heavy losses brought on by the pandemic. Retail sales, for instance, plunged 22 percent last year.
The bill, now available for public review, slapped a 40 percent duty on clothing priced under $10 and a 15 percent plus $1.50 per kilogram tax for all apparel fetching over $10 when arriving at the country’s ports.
Jorge Barraza: ¿Deben volver clubes de México a Sudamérica? eluniverso.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eluniverso.com Daily Mail and Mail on Sunday newspapers.