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Turkish duty on US cotton to hit competiveness of its own textile exports

Related Keywords: drive up costs for Turkey textile producers, hurting competitiveness of their exports, imports hurting domestic cotton production, Turkey plan to impose three percent anti-dumping duties, Turkey second-biggest buyer of U.S. cotton, Turkish courts, U.S. cotton farmers fight the decision, U.S. cotton has specialty uses, U.S. cotton imports, WTO

Turkey’s plan to impose 3 percent anti-dumping duties on U.S. cotton imports saying that imports were hurting domestic cotton production. But this will drive up costs for its own textile producers, hurting the competitiveness of their exports, said the head of an industry group.

The spat is likely to put strain on trade relations between one of the world’s top fiber growers and one of its biggest customers at a time of weak global prices and demand.

Turkey to hit anti dumping duties on U.S. cotton imports

Related Keywords: amid weak global prices and demand, biggest customers, decision to introduce tariffs widely expected, fraying relations between world top fiber growers, on US cotton imports, Turkey second-biggest buyer of U.S. cotton, Turkey to hit anti dumping duties, US cotton hurting domestic industry, US industry trade association

Turkey to hit anti-dumping duties on U.S. cotton imports, the decision to introduce tariffs has been widely expected since Turkey's Economy Ministry said in February that U.S. cotton was hurting the country's domestic industry, a U.S. industry trade association said on Monday, fraying relations between one of the world's top fiber growers and one of its biggest customers amid weak global prices and demand.

Imports on a cost, insurance and freight (CIF) basis will incur dumping duties of 3 percent effective immediately, the NCC said, the first official confirmation of the move.

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