Cat: textile, general, new plan, import-export, policy, market trend.
Following a report presented by Undersecretariat of Foreign Trade titled "The Outlook of Foreign Trade", the Turkish government plans to take stringent actions to prevent the rise of imports.
Though, imports have provided Turkish industries with inexpensive inputs than their local counterparts, it is claimed that 10 percent increase in the exchange rate of the New Turkish Lira (YTL) corresponded to 5 percent in imports.
Modification in customs duties and exchange rate policy are categorized in two groups as the measures to be taken.
Presently, Turkey conducts an anti-dumping inquiry against Chinese float-glass imports and imposes quotas against Chinese textile imports in 42 categories.
It should be noted that Turkey has no right to implement different policies for third countries, which have entered into common trading agreements with the European Union.
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