Santos puts off signing specific tariff decree

At the last minute, President Juan Manuel Santos decided to postpone signing the decree that would charge a specific tariff of four-dollars per kilo on fabric, clothing and shoe imports until he discusses it national importers and manufacturers.

With the tariff, the Government hopes will put a stop to the influx of fabrics and clothing at what the President refers to as “inexplicable prices”. The sector said the 4-dollar tariff would be insufficient, hence the Santos administration has agreed to take another look at it and possibly increase the amount.

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