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Turkish textile antidumping duty pays off
29 Dec '11
1 min read
“The decision to impose anti-dumping duty on fabric and clothing imports has paid off”, said a Turkish textile lobby – 'Turkey Production, Turkey Export Platform', which favoured the increase in duties.
According to data released by the body, Turkish textile exports to its major buyer – the European Union grew 5.6 percent in October from a year earlier.
At the same time, textile shipments of its main competitors in the EU market, China, Bangladesh and India fell 23, 26 and 13 percent respectively in the same month.
This hike in textile exports has come at a time, when a 15.7 percent decline was witnessed in the EU markets, said the body.
It may be recalled that, Turkey had imposed a nanti-dumping duty on fabric and clothing imports from January 2011, in a bid to protect domestic industries.
Various textile and apparel bodies had either supported or opposed the decision. The 'Turkey Production, Turkey Export Platform' had welcomed the decision.
They also added that in the same month, there was a hike of six percent in opening of new businesses as well as seven percent jump in employment within the industry.
According to data released by the body, Turkish textile exports to its major buyer – the European Union grew 5.6 percent in October from a year earlier.
At the same time, textile shipments of its main competitors in the EU market, China, Bangladesh and India fell 23, 26 and 13 percent respectively in the same month.
This hike in textile exports has come at a time, when a 15.7 percent decline was witnessed in the EU markets, said the body.
It may be recalled that, Turkey had imposed a nanti-dumping duty on fabric and clothing imports from January 2011, in a bid to protect domestic industries.
Various textile and apparel bodies had either supported or opposed the decision. The 'Turkey Production, Turkey Export Platform' had welcomed the decision.
They also added that in the same month, there was a hike of six percent in opening of new businesses as well as seven percent jump in employment within the industry.
Fibre2fashion News Desk - India
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