Home / Knowledge / News / Apparel/Garments / Turkey declines to end duty on Bangladesh garments
Turkey declines to end duty on Bangladesh garments
20
Mar '12
Bangladesh is likely to suffer a loss in its readymade garments (RMG) trade with Turkey, as the latter has refused to roll back the safeguard duty levied on import of apparels produced in Bangladesh.

Since September 2011, Turkey has subjected RMG imports from least developed countries, including Bangladesh, to a safeguard levy of 17 percent.

Bangladeshi industry experts apprehend that if Turkey adheres to its decision, it may cause Bangladesh's annual RMG exports to Turkey to dip by over 50 percent to US$ 150 million to US$ 200 million.

The Bangladesh Government has been urging the Turkish Government to roll back the duty for quite some time.

Bangladesh's RMG exports, comprising knitwear and woven garments, to Turkey dropped to US$ 99.92 million during the first quarter of current fiscal, compared to exports worth US$ 118.03 million clocked during the same period of previous fiscal.

Fibre2fashion News Desk - India


Must ReadView All

Equate posts best Q12018 results since inception

Textiles | On 21st May 2018

Equate posts best Q12018 results since inception

Equate Group's first quarter results for 2018 are the best since its...

Maharashtra govt to help textile units set up solar plants

Textiles | On 21st May 2018

Maharashtra govt to help textile units set up solar plants

The state government of Maharashtra has formed a panel to help set up ...

Over 60% retailers already have IoT platforms: IDC

Apparel/Garments | On 21st May 2018

Over 60% retailers already have IoT platforms: IDC

Retail organisations are adopting IoT platforms and more than 60 per...

Interviews View All

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search