Colombia’s fashion battle: Garment makers prevail over yarn industry in bid to survive Shein and Temu | Economy and Business
An old conflict has flared between yarn producers and clothing manufacturers in Colombia. The government of Gustavo Petro will eliminate a 10% tariff on raw materials to benefit those who turn them into apparel. “If Colombian garment manufacturers can reduce financial, energy, and input costs, they could become one of Colombia’s major exporters,” the president…