April 29, 2024

Turkey imposes 28% temporary protection tariff on some Chinese textiles

The reporter learned from the Fujian Province Textile and Apparel Exporters’ Association that as of July 21st, Turkey officially imposes a 28% temporary tariff on some textiles in China, which is a huge burden on the Chinese clothing industry where gross margin is not high. Therefore, the Chinese Chamber of Commerce for Import and Export of Textiles has organized several companies to respond. Quanzhou has the participation of textile companies and has stated that it will respond to the lawsuit.

It is understood that on January 13 this year, the Turkish government issued an announcement that it will increase import tariffs on textile products including the 13 tariff lines such as cotton, wool, and chemical fiber woven fabrics, including import tariffs to developing countries on an original basis. Increased by 28%, an increase of 1-4 US dollars per kilogram. To this end, the China Textile Import & Export Chamber of Commerce held an emergency meeting at the end of February to organize 36 companies with relatively large amounts of money to employ lawyers to defend their rights. The San Francisco Federal San Francisco is one of them. At the beginning of March, the Turkish government held a hearing. The marching staff of the Sanbu Foreign Trade Department of Quanzhou told reporters that because the visa could not be completed, they had commissioned local merchants to speak at the meeting, but the Turkish side still did not change its mind. In April, the infantry received an email from a lawyer. From July 21, the Turkish government will formally impose 28% temporary protection tariffs on some textiles in China, and it will run for three months. At present, the Chinese Ministry of Commerce has stepped in and is in further consultations with the Turkish government. The army said that enterprises will continue to cooperate with the government in responding to the lawsuit.

The infantry is not optimistic about the future exports to Turkey. “Originally, our tariff on exports to Turkey was only 8%. Now it has been increased to 28%, and it has been increased by 20%. Our gross profit margin is also a dozen percentage points. Even if the price of raw materials is lowered, profits will be lower again. The arrival of tariffs will not be upgradable," the army said. If Turkey's tariff increase is finalized, the cost of Chinese textile companies' exports to Turkey will have to increase substantially, and the original price advantage will be significantly weakened. "Turkey and the EU are zero tariffs. In addition, Turkey imposes lower tariffs on underdeveloped countries and regions. With the rise of textile industries in emerging countries, Turkish merchants are likely to turn to these markets." Bujun said.

According to data from the China Textile Import & Export Chamber of Commerce, China is Turkey's largest supplier of fabrics. The amount of products exported from China to Turkey involving the above-mentioned 13 tariff lines amounted to US$490 million from January to November 2010, which accounted for 2.7 of the country’s exports of similar products to the world. %.

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