Syria Fighting Curbs Turkey Chemical Exports, Group Says

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.”

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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