Undervaluation and smuggling affect the national industry because they distort market prices, reduce competition and encourage informality for many years. In addition, they reduce the customs revenue received by the country, says Rafael Zacnich, manager of Economic Studies at ComexPerú.
In this way, the executive explains that one of the short-term measures that the Government should consider is the frontal fight against undervaluation.
“Sunat has a list of potential undervaluers, but without the support of the Ministry of the Interior and Mincetur, nothing can be done. They have them mapped, but they can’t capture them. For this reason, we consider that this can be an immediate measure that can be taken in the face of the discontent that exists in local production,” Zacnich explained.
For example, the average price of imports of sweaters from China is almost 50% higher for companies than for individuals, and the same happens with other types of garments, which is an indication of why there is undervaluation, he said. manager.
As you remember, in mid-May, The Government decided not to apply the provisional safeguards to imported clothing, which is a request from the local industry to compete in better conditions with garments that are imported, especially from the Asian market.
The final decision to apply this urgent measure is subject to the final report that Indecopi must issue in the coming weeks.
For his part, the executive explained that the application of a provisional safeguard measure will increase the cost of importing clothing by up to 20%, seriously harming the family economy, since said increase would be transferred to the price of clothing for the final consumer.