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An informal embargo on Turkish products from Saudi Arabia is the latest sign of a growing rivalry between the two countries, according to a publication by Financial times, adding that this has affected international clothing companies that have production facilities in Turkey.
According to the report, eight major Turkish business associations issued a statement on Saturday expressing frustration with their increasingly negative stance. From Saudi Arabia against Turkish companies and called for dialogue to resolve the dispute, warning that it would “harm the economies and peoples of both countries.”
Saudi Arabia “It has banned all imports of products produced in Turkey”, informs the Turkish supplier executive of the Spanish clothing group Mango by email known to Financial times. The Spanish group, which is one of many European and American clothing groups with facilities in Turkey, said in a statement that its companies “They are looking for alternatives to slow down the customs clearance process for Turkish products in Saudi Arabia.”
His head Istanbul Garment Exporters Association (IHKIB) reported that all companies that produce in Turkey and export to Saudi Arabia. “We are talking about all the international companies that have stores in Saudi Arabia, produce in Turkey and sell there.”, he told FT. Turkish exporters complain that their products were subject to long delays at Saudi customs last month. The companies view the problems as an attempt by Riyadh and its close ally, the United Arab Emirates, to punish Ankara for what they see as destabilizing interventions in the Arab world, according to the report.
Saudi officials say they have “not imposed any restrictions on Turkish products,” adding that trade between the two countries “There has been no significant reduction, other than the overall impact of the COVID-19 pandemic.” However, this month, the head of the Riyadh Chamber of Commerce denounced a boycott “Anything Turkish” as a reaction “In the continued hostility of the Turkish government against our leadership, the country and the citizens.”
Source: Financial times
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