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

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Kerem Durdag
Biovation II LLC

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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