TURKEY TEXTILE ANC CLOTHING EXPORTS FALL AS POLITICAL TURMOIL DETERS INVESTMENT AND BUYERS
January 1st, 2017
TURKEY’S textile and clothing sector witnesssed a drop in trade during 2016, according to new statistics, witht he industry struggling to deal with slowing growth in the global economy and political disruption in its home country last year. The weakness of the Turkish lira in exchage markets has also harmed the industry by raising the cost of inpts.
The Turkish Exporters Assembly (TIM - Türkiye İhracatçılar Meclisi) has said that exports from Turkey’s textile sector and readymade clothing industry in 2016 generated USD24.8 billion in sales, of ...
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