Colombia Renews 'High' Import Duty On Footwear
Colombia is extending “high” duties on footwear for one year, until December 2020, the Hong Kong Trade Development Council said in a Dec. 23 report. The measure imposes a 35 percent duty rate on certain footwear products with a freight-on-board…
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price equal to or lower than $6, $7 or $10 per pair for certain footwear items, the report said. Goods with a “price higher than the applicable threshold” are subject to the regular 15 percent Most Favored Nation duty rate. Footwear imports from countries with a free trade agreement with Colombia are exempt from this special duty arrangement.