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Russia may formally ban Turkish textile products

Vadim Solovyov, the Deputy Chairman of the Duma Committee on constitutional legislation and state construction and a member of the Communist Party has said to have written to Prime Minister Dmitry Medvedev and the Minister of Industry and Trade Denis Manturov to take action against the unofficial ban on the import of Turkish fabrics and textile products into Russia.

On the other hand, the Deputy head of the Ministry of Industry and Trade of the Russian Federation Victor Evtukhov recently announced that such ban could be formally established for Turkish textile products after Turkey attacked Russian SU-24 on November 24, 2015. The Department already proposed to ban the import of 70-80 per cent of light industry goods from Turkey. This may create problems to international retailers, producing clothing in Turkey for Russia, including brands like Zara, Mango, Lacoste and Adidas.

According to official statistics, Turkey's ready-to-wear textile exports declined by 10.3 per cent year on year in the first 11 months of 2015, totaling $15.6 billion. Following the jet crisis, total volume of Turkish exports decreased by 8.6 per cent to $132 billion between January and November, compared to the same period a year ago.

 
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