US EditionTürkiye’s Textile Sector Faces Challenges as Production Moves Abroad – Famagusta Gazette
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Türkiye’s Textile Sector Faces Challenges as Production Moves Abroad – Famagusta Gazette
FAMAGUSTA GAZETTE – Rising costs and global competition are pushing Türkiye’s textile companies to relocate some production abroad, a trend that has sparked mixed reactions from industry insiders. While some view this shift as a strategic realignment for the textile sector—a key contributor to Türkiye’s exports—others worry about job losses and factory closures. Textile and raw material exports dropped 0.6% in 2024 compared to 2023, amounting to…
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