Home / Knowledge / News / Textiles / Country meets export target of $125 bn
Country meets export target of $125 bn
29
Dec '08
The export target of $125 billion for the current year has been achieved on December 22. This was announced by Mr Kürsad Tüzmen, Foreign Trade Minister Turkey at a New Year's gathering of the Economy Journalists Association (EGD) on December 25.

The Minister appreciated that despite global financial meltdown, the country was able to meet its export target.

Available statistics show that the textile industry, fetched $15.4 billion, stood at the third position in the list of top foreign exchange earners. Exports grew by 21.4 percent in the period from January 1 to December 25 of this year compared to last year.

Mr Tüzmen showed his concern by saying that, achieving target would definitely be a tough task if the ongoing global financial crisis continues. However, the Government has already taken steps to prevent the predicament.

"The contraction in global markets is not only a problem for us but for every country. As a matter of fact, the exports of almost every country decreased in the last months of 2008, similar to what happened in Turkey. In 2009, exports are expected to fall by 2.1 percent on a global scale, and this is a harbinger of toughening competition among exporters in all sectors," Mr Tüzmen stated.

Emphasizing the fact that because of competitive prices, quality products and timely delivery of orders, exporters could stand tall at this point of crisis. Now the country should focus on other export markets other than its traditional ones.

Must ReadView All

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Bani Batra

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search