Fighting in Syria has curbed Turkey’s chemical exports to the country by 92 percent and dealt a “heavy blow” to the industry, according to the Turkish chemical products exporters’ union.
Shipments to Syria, Turkey’s third-largest market for chemical products last year, fell to $10.7 million in the first quarter of 2012 from $127.3 million a year ago, the group said.
“Instability in the country has dealt a heavy blow to the chemicals sector,” union chief Murat Akyuz said in an e-mailed statement from Istanbul today. “The biggest factor is that drivers refuse to go because there’s no safety.”
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