Govt probing whether Shein is exploiting tariffs | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 80%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The government remains concerned about allegations Chinese fast-fashion platform Shein is exploiting customs duty loopholes to bring goods into the country on an industrial scale using tariff structures intended for small amounts of goods.

Trade, Industry and Competition Minister Ebrahim Patel told News24 on Monday these types of practices created an"unfair playing field" and could result in"massive job losses".

This comes after the department confirmed in March that an investigation into Shein was underway as parts of business and labour in SA sounded the alarm. There were concerns that Shein, which was established in 2008, could use tax loopholes to undercut local retailers and manufacturers.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines