Turkish textile exporters organized a fair, ‘I Of The World’, in the U.S. to promote the country’s textile products.
The two-day event kicked off on Tuesday with 32 Turkish companies joining. The first-ever fair was organized by Istanbul Textile and Raw Materials Exporters’ Association (ITHIB).
Turkish Deputy Trade Minister Riza Tuna Turagay stressed the U.S. is a significant and major market in the textile sector.
While the U.S.’ textile and apparel imports are around $100 billion annually, Turkey has its share with some $1 billion exports to the U.S. in these sectors, said the official.
Turagay added that the figure does not reflect the potential of Turkey, of which textile and apparel exports are around $29.5 billion yearly.
Ahmet Oksuz, the chairman of ITHIB board, said the fair will contribute to the $100 billion bilateral trade target.
“Turkey is the sixth-largest textile supplier in the world and the 10th in the U.S. market, our goal is to gain higher achievement,” he said.
Oksuz recalled that the U.S. implements 15% taxation on Turkish textile products while it has free trade agreements with Jordan and Egypt.
He said: “Therefore, competitiveness gets difficult for us in similar products.”
*Writing by Gokhan Ergocun from Istanbul
Courtesy: AA
Avavav has continued its exploration of innovative materials by presenting new garments made with recycled viscose pulp from OnceMore during…
Vegea has increased the production capacity of its biobased material, GrapeSkin, as interest grows in alternatives to fossil-based and animal-derived…
Puma has announced a partnership with Chinese materials company Shincell to develop the next generation of its NITRO running foam.
Thermore, a company in thermal insulation, has introduced Ecodown Fibers T2T. The new free-fibre insulation is produced entirely from recycled…
Eurojersey, Lycra have collaborated to launch Empowered Play, a new approach to functional apparel where technical performance and comfort come…
Graphene-X has introduced its first women’s clothing collection, expanding its use of graphene-integrated fabrics beyond the men’s and unisex products.