Home / Knowledge / News / Textiles / Grab opportunities from global economic crisis – IAF President

Grab opportunities from global economic crisis – IAF President

13
Dec '08
Mr Masselos, President, IAF
Turkey with its crucial geographical position has the potential to convert the global economic crunch to its own benefit. This was said by Mr Vassilis Masselos President International Apparel Federation (IAF) at the conference held by the Uludag Exporters' Association (UIB) in Bursa.

According to Mr Masselos, Turkey is located at a very advantageous position as it is closer to both Europe and Middle East and this would benefit the country most.

Currently, the country is struggling to keep its pace with the international market, but being a key player in the global apparels market, it needs to overcome the crisis to take the advantage of the present situation to the fullest.

The IAF President suggested that Turkish textile companies can meet the demands of foreign consumers by introducing reasonable prices, as the buying power of the customers has shrunk, they are now preferring cheaper products. Turkey should avoid losing ground in global markets by taking effective measures.

Mr Vassilis Masselos said that the position of the Turkish lira against the US dollar will be a determining factor, and what is heartening that environmental responsibilities of local companies have grown, and the trend is likely to continue.

The IAF is a politically neutral global association, open to entrepreneurs and executives from the apparel chain worldwide. The federation gathers and distributes information on developments in the global apparel sector.


Must ReadView All

Pic: Shutterstock

Textiles | On 18th Oct 2021

Global textile business may improve in next 6 months: ITMF

Business in the global textile industry is expected to improve in the ...

Pic: Shutterstock

Textiles | On 18th Oct 2021

China's Q3 GDP growth slows to 4.9% from 7.9% in Q2

China's gross domestic product (GDP) growth in the third quarter this ...

Gijs Verheijke, founder and CEO of Ox Street, (left) and Quek Siu Rui, co-founder and CEO of Carousell. Pic: Carousell

E-commerce | On 18th Oct 2021

Singapore’s Carousell Group acquires Ox Street marketplace

Carousell Group, the leading classifieds group in Greater Southeast...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Ritu Oberoi,

Ritu Oberoi

Established in 2018, Forsarees is a socially driven business enterprise,...

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

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


October 2021

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


Advanced Search