The Peruvian Foreign Trade Association criticized the anti-dumping tax rate on Chinese imported clothing as being too high

The Peruvian Foreign Trade Association (COMEX) commented on the 21st that since the Peruvian National Competition and Intellectual Property Protection Institute (INDECOPI) imposed anti-dumping duties on some Chinese imported clothing in December last year, the Bureau made a total profit in the first quarter of this year. $12 million to increase the bureau’s budget.
COMEX pointed out that at the beginning of the investigation, the case included nearly 300 types of clothing and accessories products. Although INDECOPI only took anti-dumping measures against products with 34 tax codes in the end, they still accounted for 51% of the total Chinese clothing imported into Peru. The clothing categories most severely affected by anti-dumping measures are pants and shirts. The total tax value of the above-mentioned products in the first quarter reached US$9 million, accounting for 74% of the total.
COMEX also criticized the anti-dumping tax rate for being too high and gave an example: If a Peruvian importer imports a piece of non-pure cotton children’s short-sleeved clothes from China for US$4 (normal price in the international market), he must pay an additional anti-dumping tax of US$3.73, with a total cost of US$7.73. , almost 100% higher than the past price, much higher than the dumping margin calculated by INDECOPI (60.5%).