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Imported footwear set to crack local footwear market
14 Apr '06
1 min read
While Turkey's footwear sector recorded a growth of 3 percent in 2005, share of imported shoes from Far East markets reached 30 percent.
Turkish shoe industry produced 165 million pair shoes in 2004, while the figure crossed 175 million shoe pair mark in 2005.
Imported footwear is seriously threatening local industry and the General Directorate of Import has launched an investigation of shoe imports that is expected to announce results by end June, 2006.
As Russia and Saudi Arabia are losing ,markets for Turkish footwear producers, exporters are considering market entry in to Japan.
Footwear Industries Association of Turkey President, Mr Kiziltas said, “If something is not done to stem the rot, Turkish shoe industry will diminish by 20 percent in 2006. Vat cut also is in favor of importers because they can buy finished shoes at 8 percent Vat."
He adds, "We do not demand complete stoppage of shoe imports, but we just want implementation of WTO standards and regulations in practice.”
Download statistics regarding Employment, Shoe Imports and Domestic Production.
Turkish shoe industry produced 165 million pair shoes in 2004, while the figure crossed 175 million shoe pair mark in 2005.
Imported footwear is seriously threatening local industry and the General Directorate of Import has launched an investigation of shoe imports that is expected to announce results by end June, 2006.
As Russia and Saudi Arabia are losing ,markets for Turkish footwear producers, exporters are considering market entry in to Japan.
Footwear Industries Association of Turkey President, Mr Kiziltas said, “If something is not done to stem the rot, Turkish shoe industry will diminish by 20 percent in 2006. Vat cut also is in favor of importers because they can buy finished shoes at 8 percent Vat."
He adds, "We do not demand complete stoppage of shoe imports, but we just want implementation of WTO standards and regulations in practice.”
Download statistics regarding Employment, Shoe Imports and Domestic Production.
Fibre2fashion News Desk - Turkey
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