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Domestic textile firms panic over possible unrest in Morocco
24
Feb '11
As the Libyan unrest hits the Turkish firms in the country, the local textile firms are apprehending that this unrest may even spread out to Morocco, which is an important business destination for them.

Ismail Gülle, Head of the Istanbul Textile and Apparel Exporters' Association, or ITKIB, recently said that, Libya has not been that significant a market for the textile exporters in Turkey, but Egypt, Tunisia and Morocco hold to be the key markets.

He stated this, while addressing a meeting held in Istanbul for promotion of the Texbridge International Textile and Accessories Fair, which is to take place during October 6 to 8 at Istanbul's CNR Expo. ITKIB is to organize this fair.

Gülle further expressed hope that the unrest will not extend to Morocco, which is an extremely important destination for the textile exporters in Turkey.

The Turkish textile industry has been indicating an upward march in its trade over the last two years, and this trend is likely to continue even during the current year, he said. He added that, as both the Turkish economy and the textile industry have started delivering good results since the very start of the current year, he expects the textile sector of the country to grow lucratively in 2011.

Also he stated that, they mean to organize the International Textile Fair so as to re-establish the reliability of the sector.

Meanwhile, Ceyda Erem, Chairperson of CNR Holding, a leading trade fair organizing firm said that, a committee commissioned to ensure selection of best quality goods in the fair, would select the textile firms to participate in the fair.

It was also revealed that by means of the fair they even look forward to gain access to various markets like Ukraine, Russia, Middle East, eastern and western European countries and the Commonwealth of Independent States.

Fibre2fashion News Desk - India

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