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Sunday, May 19, 2024

Turkish textile industry set for post-pandemic growth

The Turkish textile industry hopes to hit the ground running in the post-Covid era. The textile industry has good partnerships with globally recognized brands to reach $100 billion in the coming years. The increase in exports results from the ground-breaking Customs Union agreement between Turkey and the European Union that came into effect in 1996, and the Turkish textile industry is fully compliant with EU standards and norms.

The world’s fifth-largest supplier of textiles, Turkey expects to export roughly $12 billion worth of textiles in 2021 and $30 billion, including finished apparel. The sector currently employs more than one million people.

Ahmet Oksüz, the Istanbul Textile, and Raw Materials Exporters Association president said, “The imminent recovery of international trade offers enormous opportunities for cooperation between Turkish textile firms and foreign partners. We are going through times when global brands –especially technical textile companies – need more and more cooperation. By establishing win-win relationships, we wish to turn the pandemic era into an era of opportunities. Our domestic textile sector boasts several top-notch businesses that have already proven themselves in the global marketplace. It’s a highly dynamic sector characterized by a spirit of innovation and entrepreneurship. Our deeply rooted and integrated textile industry is renewing itself every passing day supported by our R&D and innovation capacity.”

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