According to the decision published in Official Gazette in January, the import of cotton yarn and artificial yarn in the ready-made clothing sector made the Turkish yarn producers happy. According to the decision taken, 5 - 8 percent of the of imported products will be taxed in the custom. With the decision, it is aimed to increase the marketing activity of small and medium-sized national yarn producers in the apparel sector.
Additional tax measures are taken to increase the market dominance of Turkish yarn producers and the domestic production. By this measure, the additional tax applied on yarn imports, is expected to reach the market targets by increasing the marketing activities of Turkish yarn producers in many segments of the textile sector such as fabrics, home textiles, furniture and carpets.
On the other hand, the sector representatives said that the additional tax application was very inadequate and that more than 50 yarn factories which are currently closed are not producing due to the lack of price. The sector's additional tax expectation was 15-20%.
The most objections to the introduction of additional tax applications came from the ready-made clothing sector. According to these passels, the application of additional tax will result in slightly more difficult exporting activities which have been already noted. Experts of the sector, there is "DIR" application due to the application of the additional tax which will not let importing companies affected while noting that these concerns are redundant.
