Turkey Imposes A 28% Tariff On Some Chinese Textiles.

From the Fujian textile and garment export base chamber of Commerce learned that from July 21st, Turkey formally to China. textile Levying 28% of temporary tariffs has brought great burden to China's garment industry, which is not high in gross profit margins. For this reason, the Chinese textile import and Export Chamber of Commerce has organized a number of enterprises to respond. Quanzhou has textile enterprises to participate in it, and has indicated that it will respond to the end.

It is understood that in January 13th this year, the Turkey government issued a notice that it would increase import tariffs on textile products including 13 tax numbers, including cotton, wool and chemical fiber woven fabrics, and import tariffs on developing countries increased by 28% on the original basis, increasing by 1-4 US dollars per kilogram.

To this end, at the end of February, the China Textile Import and Export Chamber of Commerce convened an emergency meeting to organize 36 enterprises with relatively large sums of money to engage lawyers in defense. Quanzhou Sanhe is one of them. At the beginning of March, the government of Turkey held a hearing. Quanzhou's federal Sanhe foreign trade department manager, bu Jun, told reporters that because the visa office did not come down, they commissioned the local merchants to speak at the meeting, but the Turkish side still did not change its original intention. In April, the step army received the mail from the lawyer. From July 21st, the Turkey government will impose 28% temporary protective tariffs on some Chinese textiles, which will be tested for three months. At present, China's Ministry of Commerce has stepped in and is consulting further with the government of Turkey. Bu said that enterprises will continue to cooperate with the government.

Step by step for future Exit The situation in Turkey is not optimistic. "The tariff we export to Turkey is only 8%, and now it has risen to 28%, a 20% increase, and our gross profit margin is more than 10%. Even if the price of raw materials is lowered, the profit will be lowered again, and it will not go up with the tax increase." Bu Jun said that if Turkey tariff increases were finally finalized, the cost of Chinese textile enterprises exporting to Turkey would have to rise substantially, and the original price advantage would be significantly weakened. "There is zero tariff between Turkey and the EU. In addition, Turkey has lower tariffs on underdeveloped countries and regions. With the rise of textile industry in emerging countries, Turkey merchants are likely to turn to these markets." Step army said.

China's textile import and Export Chamber of commerce data show that China is the largest in Turkey. Fabric Supplier countries, China's exports to Turkey, involving the above 13 tax numbers, amounted to US $490 million between 2010 and November, accounting for 2.7% of China's exports to similar products in the world.