Home / Knowledge / News / Textiles / Companies to explore new markets to offset exports to Turkey
Companies to explore new markets to offset exports to Turkey
Sep '08
The textile manufacturers of Indonesia are planning to shift their focus from Turkey to two other overseas markets of Syria and Russia. This is due to dumping charges levelled by Turkey on three Indonesian production units.

According to the available statistics, the bi-lateral trade between Indonesia and Turkey touched almost US$1.78 billion last year. However, experts are of the opinion that Russia and Syria can offer potential markets to the country similar to that of Turkey so the export earnings will not get badly affected.

Last year nearly 22 Turkish companies had filed petitioned against almost seven textile units from China, India and Indonesia for dumping yarn that is either man made, synthetic or even artificial staple fibre like rayon and polyester.

According to industry insiders, Turkey's dumping charges are baseless as Indonesian firms do not produce rayon yarn and very small amount of polyester. The court hearing regarding this matter will take place next month in Turkey.

But the worries don't end here, Brazil is accusing almost 29 Indonesian firms of dumping rayon yarn. It is estimated that, the country may lose business of exporting textile products worth $40 million from Brazil. However, industrialists are of the opinion that the nation can shift its focus to other overseas markets like Mexico, Chili, Peru, Argentina and Bolivia for fetching foreign currency.

Even though the experts are trying to sound optimistic even after two countries have levelled dumping allegation on them, they fear that dullness in global economy will have its negative effect on the textile exports. The target of earning $11 billion this year seems to be little difficult, from last year's achievement of almost $10.03 billion.

Dumping refers to a country or enterprise that exports goods to a destination in bulk and at a low price, sometimes even lower than the production cost, in such a way so as to undermine domestic industries.

Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Manuj Terapanthi

Transparent supply chain and fair trade will boost sustainable market

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson

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...

Judy Frater
Somaiya Kala Vidya

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

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Rupa Sood and Sharan Apparao

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


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 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