Turkey'S New Policy Calls For "Profits" To Impose Anti-Dumping Duties On US Cotton.

The president of the Istanbul Textile Exporters Association said on Tuesday that Turkey was charging the United States cotton.

It will increase the raw material cost of Turkey textile enterprises, which will be harmful to the export competitiveness of enterprises.

President

Told reporters: "this approach will increase the raw material cost of textile enterprises by 2-3%, which will more or less affect the price competitiveness of Turkey's exports."

Turkey has announced 3% anti-dumping duties on cotton in the United States.

And lodge a protest with the Turkey court.

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The Statistics SA announced that retail sales in February this year increased by 4.1% over the same month last year, slightly better than the 3.6% increase in January.

Economic analysts pointed out that this is mainly due to the recent rise in the price level of South Africa, resulting in an increase in retail sales, but nowadays people have to pay more money, but they can only buy less goods.

The report points out that since the price has risen nearly 10%, retail sales have grown by only 4%, meaning that people can only buy fewer items now.

In particular, high food prices, such as 1 sacks of corn staple, cost 30 South African coins, and 20 South African currencies 6 months ago, have caused a sharp rise in the burden of public spending.

Because of the weak consumer demand, the retail industry in South Africa has been reduced interest rates.

According to a survey conducted by Bureau of Economic Research, only 44% of retailers are satisfied with the current business environment.

In the retail sales statistics of February, sales of pharmaceuticals, cosmetics and sanitary products grew by 7.8%, sales of general distributors increased by 5.5%, and sales of textiles, garments, footwear and leather products grew by 4.2%.

Because the size of the general distributor is larger than that of the small store, it can lower its purchase cost and further return the cost saved to consumers, resulting in a sharp increase of 5.5% in retail sales in February.

Economic analysts also point out that during the period of economic prosperity from 2003 to 2008, the growth of retail sales in South Africa averaged over 7%, so the current retail sales growth was 4.1% compared to the fact that it was negligible, and the average growth rate of GDP in South Africa during the period was 4.5%.