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Related Keywords: announced investigation, biggest importer, combed cotton, cotton bales, dumping US cotton, global trade, non carded cotton, price sink, Turkey, Turkish cotton industry, US National Cotton Council, US upland cotton

Turkey, the biggest importer of US upland cotton last year, buying 1.1 million bales worth about $500 million announced the investigation into possible dumping of US cotton in the country, the US government and an industry group said, the third dispute over US cotton in recent years and a sign of rising tensions in global trade as prices sink.

Related Keywords: cheaper location, China, Ethiopia, India, International Monetary Fund, low-end manufacturing, producing clothes, soaring basic wages, Turkey

Frontier African nations such as Ethiopia are positioning themselves to take advantage of the soaring basic wages as China is looking for low-end manufacturing and have starting to shift to cheaper locations around the world.

Ethiopia is one of Africa’s and the world’s fastest-growing economies, the continent’s most populous nation after Nigeria is building a reputation for producing clothes, shoes and other basic goods with rock-bottom wages, cheap and stable electricity and improving transport infrastructure.

Related Keywords: Bangladesh, bilateral trade and investment, Free trade agreement, imports cotton, jute, jute goods and readymade garments, textile processing raw materials, Turkey

Bangladesh seeks to sign a free trade agreement (FTA) with Turkey to boost bilateral trade and investment. A high-powered Bangladesh delegation headed by an additional secretary of the ministry will be in Turkey early August seeking to increase bilateral trade and investment between the two countries. They would be negotiation over signing of a FTA with Turkey for mutual benefits.
 

Related Keywords: organic cotton, Turkey

Turkey is the largest producer of organic cotton in the world today and is gaining more and more perception regarding organic cotton production to create a global brand in organic cotton production.

According to Turkish Nazilli Cotton Research Station’s manager Sadettin Ozturk, Turkey have most suitable weather condition which strongly supports organic cotton farming.

Since 1990s, Turkey has been gradually transcending into a stage of producing organic cotton and slowly the country has become synonymous with organic cotton.

Related Keywords: China, top importer, Turkey, US cotton

Turkey coming out as top importer of US cotton, as Turkey’s interest in exported cotton has increased due to a revival of its textile industry, which is increasing due to sales to Europe, as well as the fact the country is expected to grow fewer bales this year due to lower plantings. Also as Chinese buyers have lowered their import of raw cotton for lower-taxed yarn.

Turkey emerges as the number one customer for raw cotton exported from the United States, overtaking China.