Home / Knowledge / News / Apparel/Garments / Bangladesh urges Turkey to rollback import duty on RMG

Bangladesh urges Turkey to rollback import duty on RMG

12
Nov '12
The Government of Bangladesh has demanded rollback of the 17.5 percent duty levied by Turkey on readymade garment (RMG) imports from Bangladesh, claiming that the levy has badly impacted its sales to European countries.
 
The demand was raised during the inaugural session of the Fourth Bangladesh-Turkey Joint Economic Commission at the Economic Relations Division (ERD).
 
Earlier, developing countries were allowed to export their apparels to Turkey duty-free. However, to safeguard its domestic industry, Turkey subjected such imports to 17.5 percent levy since July 2011.
 
According to the Export Promotion Bureau (EPB), impacted by the levy, Bangladesh experienced a 9.21 percent year-on-year fall in its apparel exports to Turkey during July-September 2012.
 
Exports of knitwear items dropped from 2010-11’s US$ 272 million to US$ 124 million in 2011-12, while that of woven items fell from US$ 245 million to US$ 231 million.
 
Co-chairing the inaugural session of the meeting, Bangladesh Finance Minister AMA Muhith said the duty imposition has pushed down the country’s apparel exports, and to some extent, has also reduced the interest of the Bangladeshi trade bodies in exploring prospects of exporting to Turkey, one of Europe’s emerging markets.
 
The Turkish delegation was headed by its Labour and Social Security Minister Faruk Celik.
 
In response to Bangladeshi demand for removal of import duty on its garments, Turkey said it would have to ink a free trade agreement (FTA) with Bangladesh for the purpose, so the Bangladeshi apparel exporters can benefit from duty-free access.
 
However, as Turkey is endeavouring to obtain the EU membership, it would be required to obtain EU’s permission before entering into any such trade pact.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 17th Feb 2020

Vietnam textile firms urged to source from Malaysia, India

Pham Xuan Hong, president of Ho Chi Minh City’s textile association,...

Pic: Shutterstock

Textiles | On 17th Feb 2020

Myanmar to initiate measures to improve trade strategies

Myanmar will take measures to raise overseas demand for indigenous...

Pic: PaCT

Apparel/Garments | On 17th Feb 2020

IFC portal to monitor resource usage in Bangla RMG sector

The International Finance Corporation (IFC) has developed PaCT...

Interviews View All

Rashi Menda, Zapyle

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Textile industry, Head honchos

Textile industry
Head honchos

South India has a very strong manufacturing base

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

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

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Matthias Eilert,

Matthias Eilert

Germany-based Forbo Movement Systems division is a global leader in...

Umang Banthia,

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

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

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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

Leave your Comments


February 2020

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


Advanced Search