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South Africa Refuses Turkey'S FTA &Nbsp; Protects Its Textile And Garment Industry.

2011/11/15 11:11:00 25


South African apparel and

Spin

The industry informed that the cabinet decided to reject the experience of the Turkey free trade agreement.

Trade

And Industry Minister Davies said.


Over the past 10 years, thousands of workers have lost their jobs in the clothing and textile industry due to competition with Asia, especially China.


Davies said: "Turkey is second only to China. It is a major producer of clothing and textiles. We want to protect our industry, so we took this decision.

Our research shows that entering the free trade agreement is not a smart decision. "


Davies plans to visit Turkey in the first quarter of next year to discuss acceptable trade agreements between the two countries.


According to Turkey's African Development Bank, Turkey is the fifth largest emerging market in Africa.

Investment

Country.

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