Turkey's clothing makers face rising costs from push to help textile sector
Turkish clothing manufacturers, ranking as the third-largest suppliers of apparel to Europe, have been encountering increased production costs and the risk of lagging behind their Asian counterparts. This situation arose from the Turkish government's decision to raise taxes on textile imports, according to leaders in the sector.
Reuters
Turkish clothing manufacturers, the third-largest suppliers of apparel to Europe, face higher production costs and risk falling further behind their Asian rivals after the government hiked taxes on textile imports, sector leaders say.
Ankara raised tariffs by 30-100% on hundreds of incoming textile products last week, aiming to support local yarn and fabric manufacturers that appealed for support against a wave of cheaper imports.