Home / Knowledge / News / Textiles / NCC opposes Turkish anti-dumping duty on US cotton
NCC opposes Turkish anti-dumping duty on US cotton
26
Apr '16
America's National Cotton Council (NCC) has challenged the findings of a Turkish anti-dumping probe that has led to a three per cent CIF (cost, insurance and freight) duty imposed on all US cotton fibre imports into Turkey, effective immediately.

On April 16, 2016, the Turkish government released its final decision on its anti-dumping investigation of US cotton.

Turkey is the second largest export market for US cotton with shipments ranging between 1.5 and 2.0 million bales. The duties automatically put US cotton at a competitive disadvantage to cotton produced in other countries, thus seriously jeopardizing business with Turkish mills, the NCC said.

NCC Chairman Shane Stephens said the investigation, which was initiated in October 2014, was clearly in response to several US trade investigations of Turkish steel imports. In an unusual move, he noted that the Turkish government self-initiated the investigation without any showing of special circumstances as is required under World Trade Organization (WTO) rules.

“In the first place, the investigation itself lacked transparency regarding information used to justify the investigation,” Stephens said. “In fact, data used in support of a finding of injury to the Turkish domestic cotton market ignored established facts to the contrary.”

Stephens said that the Council submitted ample evidence showing that Turkey's cotton market has experienced price declines due to the same factors affecting cotton markets worldwide. He said, for example, government policies in developing countries and competition from manmade fibres have contributed to stagnant global demand, increased stocks and lower cotton prices.

“Unfortunately, the import duties only compound the difficult economic climate facing US cotton growers and merchandisers,” Stephens stated. “The Council will continue to actively oppose the imposition of duties and is exploring ways to reverse the decision, such as WTO mechanisms and the Turkish judicial system.” (SH)

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 27th Sep 2016

SASEC countries plan greater economic cooperation

The six member countries of the South Asia Sub-regional Economic...

Textiles | On 27th Sep 2016

CBEC unveils draft rules for registration under GST

The Central Board of Excise and Customs (CBEC) has unveiled draft...

Textiles | On 27th Sep 2016

Swedish researchers develop new circular textiles process

A partnership between government owned Fouriertransform and private...

Interviews View All

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson
TissueGen

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search