A delegation from the Istanbul Textile and Apparel Exporter Association (İTKİB) recently visited Cuba to strengthen bilateral trade relations. The purpose of the delegation's visit to both Cuba and the Dominican Republic was to enhance trade ties. İTKİB aims to organize procurement and trade delegations to facilitate trade deals between the countries. In addition, they extended invitations to representatives of the textile industry in Cuba and the Dominican Republic to participate in trade fairs held in Turkey.
Turkish Textile Industry's Export Revenues
With export revenues reaching $12.9 billion last year, the industry seeks to expand its global outreach.
Meanwhile, the Turkish leather apparel industry remains optimistic about foreign demand despite concerns surrounding the Ukraine-Russia conflict. The Antalya Leather and Fur Fashion Show witnessed strong attendance, including a significant number of Russian companies.
Recovery and Challenges for the Leather Sector
While the leather sector is slowly recovering from the pandemic's impact, challenges such as rising raw material and labor costs persist for local companies. However, the industry still experienced growth, with leather and leather product exports increasing by 10% in the first four months of 2023, amounting to $236 million in exports last year.