Home / Knowledge / News / Policy / Turkish textile-garment sector seeks govt aid: ITKIB

Turkish textile-garment sector seeks govt aid: ITKIB

Aug '20
Pic: Shutterstock
Pic: Shutterstock
The Turkish textile and garment industry recently urged the government for financial support, including tax exemptions and debt delays, to help the sector remain competitive during the COVID-19 pandemic. Istanbul Textile and Apparel Exporters Association (ITKIB) chairman Mustafa Gültepe said the industry witnessed a 16.5 per cent year-on-year (YoY) contraction in exports between January and July.

The sector initially set a target of a 10 per cent rise in exports for 2020, but had to revise the projection after orders drastically declined in March following the global spread of the virus, Gültepe said.

“There was a 27.4 per cent contraction in March and 61.6 per cent in April. In May, exports declined by 48.2 per cent, meaning exports decreased by 26.1 per cent in the first five months compared to last year,” Gültepe was quoted as saying by a Turkish newspaper report.

The sector recorded an upward trend in July, however, posting a 25 per cent increase in exports thanks to the gradual reopening of world economies and the rapid recovery in the European Union markets, Gültepe said.

The industry is seeking the lifting of customs duties, recently introduced for importing intermediate products like zippers, buttons and fasteners used in textile factories.

“Customs duties were increased for fabric and yarn products. We expect the government to revise the additional taxes that negatively affect our competitiveness,” he said, adding that the sector is expecting the value-added tax (VAT), premium payments and loan repayments to be postponed for a year.

Fibre2Fashion News Desk (DS)

Must ReadView All

Pic: Shutterstock

Retail | On 27th Feb 2021

Six retailers launch UK Digital Business Association to

A new trade body, the UK Digital Business Association, has been...

Pic: War on want

Apparel/Garments | On 27th Feb 2021

Global bodies urge Western brands to condemn Myanmar

Several international organisations have issued a joint statement...

Pic: Asia Pacific Rayon

Textiles | On 27th Feb 2021

APR to increase viscose fibre production to meet demand

Asia Pacific Rayon (APR), a leading viscose rayon producer, is set to ...

Interviews View All

Top executives, Textile Industry

Top executives
Textile Industry

We will move away from mass production to production in micro-factories

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Farheen B Rahman & Priti Jain,

Farheen B Rahman & Priti Jain

Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...

Paolo Crespi,

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Nina Smith,

Nina Smith

GoodWeave International, a nonprofit working to end child, forced and...

Jacques Prigneaux, EDANA

Jacques Prigneaux

EDANA has been the leading global association and voice of the nonwovens...

Pierre Wiertz, EDANA

Pierre Wiertz

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Varsha Wadhwa, VW

Varsha Wadhwa

Coming from a family that ran a business of jute and linen mills since...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

<span style="font-size: 12px;">Designer <b>Suman Nathwani</b> talks about...

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


Leave your Comments

February 2021

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

Advanced Search