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Turkey's anti-dumping duty shocks Pak textile exporters

19
Jan '11
Turkey's decision to revise the anti-dumping duty on imports of cotton fabrics and readymade garments from Pakistan on the higher side, has given a jolt to the textile sector of Pakistan as the move will negatively impact its textile exports to Turkey.

While the Pakistani textile industry is already distressed with the European Union (EU) deferring the decision of granting import duty relief to help the textile producers of the countries facing crisis, Turkey's decision came as another blow to the already ailing export sector.

As revealed by Dr Ikhtiar Baig, Advisor to Ministry of Textile, Turkey which is amongst the leading importers of Pakistani cotton fabrics has raised the anti-dumping duty on cotton fabric imports from Pakistan by 35 percent, whereas the same has been raised by 52 percent in case of garment imports.

Last few years proved to be a trying period for Pakistani textile goods industry owing to the similar anti-dumping measures imposed by the EU which deprived the country of its well rewarding market as it lost its major market share in the EU to other competing countries, which faced no adversities.

As per the 2009-10's financial data, Pakistan's textile industry exported $238 million worth of fabrics and apparels to Turkey.

According to the businessmen and textile sector analysts, the recent decision of Turkey would not only pose a threat to the Pakistan's textile export target for the current financial year, but would also lay an adverse effect on the production of looms in the country, which is already suffering the brunt of the worst ever power crisis.

Dr Baig informed that, the Cabinet of the Turkish government on January 18 gave its final nod to the Turkish government's decision.

Fibre2fashion News Desk - India


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