APPAREL MAKERS TURN TO SYRIA AND UZBEKISTAN
Rising labor and production costs are forcing Turkish apparel manufacturers to seek new low-cost hubs, turning to Syria and Uzbekistan after previously expanding into Egypt.
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US SLAPS 12.5% TARIFF ON TURKISH GOODS WHILE EXEMPTING ASIAN COMPETITORS
Turkish industrialists criticized a new United States’ decision to impose a 12.5% tariff on Turkish products under Section 301, warning that the move places key export sectors, especially textiles and apparel, at a severe disadvantage.
APPAREL EXPORTERS DEMAND SPECIAL RECOVERY PACKAGE
Suffering from a loss of competitiveness due to the weak lira and high inflation, the head of the Istanbul Apparel Exporters Association (IHKIB) has requested a three-year support program to save the ready-to-wear sector.