With the US ending its GSP benefits and the possibility ofa no-deal Brexit looming large, Turkish textiles and apparel industry startedbracing for a future without a friendly US or UK.
The US termination of Turkeys generalised system ofpreferences (GSP) benefit, concern over losing trade with the United Kingdom inthe event of a no-deal Brexit, European industry efforts to address tradebarriers and the failure of European apparel brands to prevent exploitation ofSyrian refugees in Turkish supply chains defined the apparel and textilessector this year.
Trade trouble
The US in May terminated Turkeys designation as abeneficiary developing nation under the GSP programme. Turkey had beendesignated as a GSP beneficiary way back in 1975. An increase in gross nationalincome per capita, declining poverty rates and export diversificationbytrading partner and by sectorare evidence of Turkeys higher level of economicdevelopment, the US contended.
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