Home / Knowledge / News / Free zones reap profits as trade volume balloons
Free zones reap profits as trade volume balloons
27
May '08
Free trade zones in Turkey witnessed a giant leap in its trade volume in the first quarter of 2008 engaging in ventures worth US $6.5 billion, a jump of 17.2 percent over the same period last year.

Of the total, the largest share belonged to the Istanbul Leather Free Zone which recorded revenue amounting to $1.6 billion. The Aegean Free Zone ranked second with $983.8 million in trade.

The trade volume of Mersin Free Zone saw a 32.2 percent increase over the previous year, rising to $716.6 million. Thrace Free Zone, on the other hand, suffered a 7 percent drop in the given period and fell to $530.6 million. However, the sixth largest free zone, Bursa, enjoyed a 10.8 percent rise and reached $456.5 million in trade.

Most of the trade deals in the free zones amounting to $2.5 billion were contracted with companies from Organization for Economic Cooperation and Development (OECD) countries and the European Union.

Other European countries had a mere $7.5 million share whereas member countries of Commonwealth of Independent States (CIS) ventured for business deals worth $469.8 million with companies operating in free zones of Turkey. Again, customers in North Africa and Middle East countries made transaction of goods worth $345.2 million.

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Silke Brand-Kirsch
Schlegel und Partner

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search