Manufacturing News

TURKEY EXPORTS ON A SPIKE

For the tenure of January April 2019 , the maximum imports of readymade garments from Turkey were by Germany at US $995.6m, Spain at $783.8m and UK at $627.1m. Netherlands , France and US follows next .

Turkey has witnessed a 0.7% rise in ready- made garment exports to US$6bn in the first four months of the year. April alone experienced a prosperous rise of 3% year-on-year to US$1.5bn .

Growth in the ready to wear and apparel industry faced pressures from ‘more geographical and political problems’ including the downturn of the EU and the ongoing trade war between US and China . On 17th May , US waived off the Generalised System Of Preferences (GSP) programme stating the economy to be “sufficiently economically developed” eliminating the eligibility of duty free imports of various products .

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𝐃𝐑𝐃𝐎 𝐜𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐞𝐬 𝐰𝐢𝐭𝐡 𝐩𝐫𝐢𝐯𝐚𝐭𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲, 𝐠𝐢𝐯𝐞𝐬 𝐞𝐱𝐭𝐫𝐞𝐦𝐞 𝐜𝐨𝐥𝐝 𝐜𝐥𝐨𝐭𝐡𝐢𝐧𝐠 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐭𝐨 𝐟𝐢𝐯𝐞 𝐟𝐢𝐫𝐦𝐬

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