The Columbia Association Appeals Against The Textile Tariff Entry To The Constitutional Court.

According to Columbia Securities Daily reported on June 7th, following the Columbia National Foreign Trade Association (Analdex) and the National Federation of businessmen (Fenalco), Columbia's largest Chamber of Commerce, Andi, recently appealed to the Constitutional Court on the heavily imported tariff on imported textiles in the national development plan adopted recently.

The association points out that there is no reasonable relationship between tariff entry and overall planning objectives, and tariff policy is administrative power, and the legislature has made this item suspected of violation of the constitution.

According to the analysis, the constitutional court will hear the case for several months or until next year before making a ruling, and the relevant entries will not take effect until then.

The national development plan is the ruling program of the Columbia government. The plan was approved by Congress at the end of April, and was signed by President Duke at the end of May.

According to the 274th, 275th provision, the tariff rate for imported textiles will be raised substantially (10% ad valorem duty on products above $20 per kilogram and 37.9% to 20 per kilogram of the product tax rate from 15% to 15%).

At present, the Ministry of finance, the Ministry of trade and industry and some business associations in Columbia have all expressed their opposition to the implementation of the entry.