Issue
157: August 2012

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Editorial: Textiles and Apparel Will Play a Major Role in Helping Turkey to Meet Ambitious Export Targets |
published in Issue 157, August 2012
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The Turkish economy has been growing at a rapid pace in recent years. Indeed, Turkey's gross domestic product (GDP) grew by an impressive 8.5% in 2011 alone. By 2050, the country's economy is predicted to become the third largest in Europe -- and the ninth largest in the world. Turkey's textile and apparel industry is set to play an important role in helping the country to achieve this ranking and meet the government's ambitious export target of US$500 bn for 2023. Rapid investment in spinning, weaving and knitting has resulted in an industry which produces yarns and fabrics that meet international quality standards. The capacity to produce such products, coupled with Turkey's geographical proximity to major export markets, puts the country in a strong position to promote exports and attract inward foreign direct investment (FDI). In this report, Robin Anson examines how Turkey's textile and apparel industry aims to help the country meet its export target for 2023. In addition, he provides valuable insight and analysis of statistical data concerning the country's key export products. This report is essential reading for anyone wanting to find out about the future of Turkey's textile and apparel industry, and the important role it is set to play in global terms and in helping to grow the Turkish economy.
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