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Friday, March 04, 2005

Turkey : Country�s textile sector sulking under strong Turkish Lira & cheap Chinese imports - Textile Fashion News Fibre2Fashion

"Turkey : Country�s textile sector sulking under strong Turkish Lira & cheap Chinese imports
4th March 2005

Weakening US Dollar against rising Turkish Lira and growing imports from China as it is set to dominate the world markets, have all led to Turkish textile sector being affected in a big way. Depreciation of the US Dollar is eroding precious foreign exchange of domestic companies with expenses in Turkish currency and incomes in foreign currency incomes."

More:Turkey : Country�s textile sector sulking under strong Turkish Lira & cheap Chinese imports - Textile Fashion News Fibre2Fashion