Turkey is eyeing to enforce new requirements on textile firms who are importing material from China. The said discussion took place in a recently held meeting in Ankara between economy ministry officials and textile companies’ representatives.
It is pertinent to mention here that Turkey’s textile sector is one of the pillars of the country’s economy. Reportedly, RMG (readymade garments) clothing accounted for around 18 per cent of the total US $ 157 billion exports last year.
Cuneyt Yavuz, Chief Executive Officer, Mavi (a jeans retailer) elucidated that the Government’s vision was to partly tackle the country growing account deficit that soared up to US $ 5.43 billion, recording an increase of US $ 1.7 billion on Y-o-Y basis as revealed by Central Bank of the Republic of Turkey.
The business leaders told the ministry about the material imported from China being sold to other countries which eventually benefits Turkey.
Reportedly, the country imported a one-fourth of its US $ 10.1 billion of textile imports from China last year and more than 50 per cent of them were cotton fabrics and partly finished products.
A CEO who runs over 150 stores in Turkey also said that the Government has been asking for extra documents for imports from China and that is why most of the textile companies wanted to meet the ministry to put forth our problems in front of the Government.
Additionally, the ministry listened to all the problems in the meet and said that they will look into their decision and even consider postponing the enforcement till next year.
Bharat Tex Special Report 2026 
