Textile Exports To EU, Turkey Subject To Automatic Export License

Under a newly issued decision of ministries of Trade and Industry, textile and garment exports to EU and Turkey in 2004 are subject to automatic export license issuance. As regards to 3 cat to Turkey (cat 6, cat 35 and cat 411) and all cat to Canada, the ministries will allocate export licenses to businesses under their quota performance this year.

As planned, the inter ministries will stop granting E/L to EU and Turkey once cats cover 70% basic quota in quarter 1 or 2 of 2004. However the issuance ending, in case of low allocation rate, will be postponed until quarter 3 or 4 once basic quota are wrapped 85%.