Home / Knowledge / News / Textiles / Turkey scraps duty on Egyptian cotton yarn
Turkey scraps duty on Egyptian cotton yarn
Jan '13
Cotton yarn exports from Egypt will now be able to enter duty-free into the Turkish Market, as the Government of Turkey has removed protective tariffs on cotton yarn imports from Egypt and other countries, effective from January 2013.
Turkey’s decision provides a big opportunity to boost Egypt’s cotton yarn exports to Turkey, Egyptian Minister of Industry and Foreign Trade Hatem Saleh said.
The Minister said the removal of tariffs effectively means the end of quota system that regulated Egyptian cotton yarn exports to Turkey in the past, Ahram Online reported.
Exports of thin yarn, of 50 to 140 count, from Egypt to Turkey would especially get a boost, while exports of thicker yarn, with count less than 40, would have to face competition from India and Pakistan, where yarn prices are lower due to a recent dip in cotton prices in those countries, the Minister said.
An existing free trade agreement (FTA) between Egypt and Turkey exempts Egyptian cotton yarn exports from customs duty, which is an advantage to Egypt compared to other Asian countries.
In addition, the lower costs of transportation will also serve as an advantage for Egyptian exports to Turkey, when compared to other countries that compete for a share in Turkish market.
The Minister asked the Textile Export Council to take all necessary steps to ensure that Egyptian cotton yarn exporting companies increase their efforts to grab a bigger share in Turkish market.
From 2007 to 2011, Egypt exported 7,790 tons of cotton yarn worth US$ 66.2 million to Turkey. Over half of these exports received tariff exemption under the quota system, while the remaining exports were subject to protective tariffs, which are now removed.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Lynda Kelly
Suominen Corporation

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Karan Arora
Karan Arora

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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