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Representatives of the textile branch warn that the appreciated YTL and the competition from Far East would lead the branch to a crisis. The increase in exports of the branch by 6.5% to 4.86 billion was realized with losses. The capital of the textile companies did shrink, 15,000 small producers shut down their operations, according to the Chairman of Textile Unions. The State Planning Organization DPT and Undersecretary of Foreign Trade DTM should now prepare a package of measures for textile and clothing branches.
Source:Foreign Market Consulting Ltd. Sti. Turkey
