Home / Knowledge / News / Apparel/Garments / Textile exporters to be affected by Turkish policy
Textile exporters to be affected by Turkish policy
20
Jan '11
Following the Turkey's decision of imposing anti-dumping duty on imports of garments and fabrics in order to safeguard the domestic producers, at least 500 apparel firms in Bangladesh are apprehending to face severe setback.

Around 80 percent of Bangladesh's total annual readymade garments export worth $16.2 billion is towards Turkey, on which the Turkish government proposes to impose around 32 to 37 percent anti-dumping duty.

As specified under the World Trade Organisation (WTO) rules, export of any goods to any other country by a firm at a price lower than the one usually charged in the home country, constitutes 'dumping'.

This decision of the Turkish government came about when Dhaka and Ankara had taken firm steps to strengthen their trade relations so as to boost the mutual trade to three billion dollars by 2015.

Last year, Bangladesh earned $970 million solely from its apparel exports to Turkey. Turkish firms like Mevi Jeans, Alkan Tex, Mevi, Akin Textile, Tema, Collizione, Cons Jeans, Collins and Defactor have mostly imported these apparels.

The Turkey Council of Ministers' decision to shortly approve the proposal for anti-dumping duty may raise severe concerns for the apparel firms in Bangladesh that ship goods to Turkey.

If this proposal of the Turkish government gets a sanction, it would affect around 380 garment firms in Dhaka and 120 firms in Chittagong which includes the subcontracting firms.

These firms all together have booked orders worth US $600-650 million for the period between January and June, 2011 which may all become part of the stock if the duty is imposed.

Turkey proposes to impose an anti-dumping duty of around 40 percent on textile imports from India and Sri Lanka, 60 percent on imports from China and around 32 to 37 percent on that from Bangladesh.

Fibre2fashion News Desk - India


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Urmil Arya

Sushila International, a well established textile organisation established ...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search