Yarn production to increase greatly in Azerbaijan
Baku, Azerbaijan, Feb. 15
By Matanat Nasibova – Trend:
Opening of the Mingachevir textile factory contributes to the growth of yarn production in Azerbaijan, Mehriban Akhundova, chairperson of the Azerbaijan Textile Products Manufacturers and Exporters’ Association, director of Gilan Textile Park, told Trend Feb. 15.
She said that this year yarn production in Azerbaijan may increase by about 70 percent.
“The increase in yarn production will positively affect the export of products as well,” she noted. “About 80 percent of the yarn produced in the country is exported.”
“However, the problem is that after the Turkish government introduced very high anti-dumping duties on yarn imports in January 2019 (at a rate of 12 percent for high yarn numbers), our products may not be competitive enough compared to the products of Turkish manufacturers,” she added.
She noted that the Turkish side has taken this step in order to protect its domestic producers, but this will in any case affect the volume of exports of Azerbaijani supplies.