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Belt and Road initiative boost Xinjiang’s textile, garment exports

Related Keywords: attracting investment from eastern coastal regions, Belt and Road Initiative, capital of Xinjiang Uygur Autonomous Region, China, customs of Urumqi, exports to Russia, Kazakhstan and Kyrgystan, largest province Xinjiang, rapid growth, set up factories, textiles and garments exports, two major markets for Xinjiang, witnessed robust growth

China’s largest province Xinjiang in the north west witnessed robust growth in textiles and garments exports reaching 43 billion yuan (6.2 billion US dollars) during the first ten month of this year (Jan.-Oct. period), up 49 percent from the same period last year, according to the customs of Urumqi, capital of Xinjiang Uygur Autonomous Region.

Boost in textile and garment exports was seen due to the Belt and Road Initiative, local customs authorities said.

Turkey experienced loss in textile exports to Russia to nearly 24.92 pc in 2014

Related Keywords: decrease in value of ruble, exports to Russia, losses in Russian market, ready-made clothing, Turkey, Turkey textile sector, Turkish Exporters' Assembly

Turkey has been experiencing difficult times with its exports to Russia which has declined by 14.6 percent, dropping to $6.57 billion in 2014 compared to $7.96 billion in 2013 due to the decrease in the value of the ruble.

According to the records of the Turkish Exporters' Assembly (TİM), Turkey's total exports rose to $157.62 billion with an increase of 4 percent in 2014. Unlike the increasing export rates in 2014, big losses occurred in the Russian market, having a large impact on all sectors, as Russia is one of the top export markets for Turkey.

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