|
Turkey:Turkey seeks post quota export safeguard |
2004-10-29
|
 |
Turkey, in a controversial move, recently proposed the establishment of a World Trade Organization textiles and apparel export safeguard that would be triggered to protect the market shares of developing countries in their export markets from surges by more dominant suppliers.
Turkey told delegates to a confidential WTO session that its proposal envisaged a mechanism that, once the 1993 Agreement on Textile and clothing expired on Jan 1, would concentrate on “a unique safeguard mechanism that has a self-triggering structure” to ensure smooth functioning of trade in major export markets and avoid allegedly unfair practices.
Speaking on condition of anonymity, a senior Turkish official said a starting point would be a monitoring mechanism to track price and quantity trends before measures are triggered.
The thrust of the Turkish proposal is to try and pre-empt the sharp price reductions and severe increases in quantities of textiles and apparel expected with the end of quotas on Jan 1, 2005.
Textiles and apparel accounted for 34.4 percent of Turkey’s merchandise exports in 2003.
The Turkish proposal received support from Morocco, Tunisia, Jordan, Mexico, and Peru, but was rejected by China and India, trade diplomats said.
|
 |
|
|
|
|
|