The Ministry of Trade of Turkey announced new import regulations
The Ministry of Trade of Turkey stated that, in order to support and strengthen domestic production, a set of new import regulations has been put into effect for the current year.
According to the statement by the Ministry of Trade of Turkey, import policies have been reviewed in light of developments in domestic and foreign markets, with the aim of preventing unfair competition, increasing employment, reducing the current account deficit, and supporting domestic producers.
The statement noted that amendments to the import regime and additional customs duties have been carried out in accordance with the Turkish Customs Tariff Schedule and within the framework of international commitments, and that the new regulations have been published in the Official Gazette of Turkey.
The Ministry of Trade of Turkey also announced that, to support the competitiveness of industrialists, customs duties on raw materials and intermediate goods not produced domestically will be reduced twice a year in parallel with the European Union, and national tariff quotas exempt from customs duties will be opened for inputs where domestic production does not meet market demand. Within this framework, tariff quotas have been opened for 35 products, and announcements regarding their distribution, management, and implementation have been published.
The Ministry added that the additional financial obligation of 20 percent on the import of gold jewelry will continue to be applied as an additional customs duty at the same rate. Furthermore, the validity period of the exporter registration form has been extended from one year to three years.
In another part of the statement, it was emphasized that import monitoring regulations now cover 47 product groups, unit prices have been updated for 24 groups, and monitoring quantities have been determined for 23 groups, bringing the total number of announcements issued in this field to 184.
The Ministry of Trade of Turkey also reported that, based on requests from domestic producers, safeguard investigations have been initiated regarding the import of certain products, including “PET resin,” “terephthalic acid,” and “various types of cardboard.” These investigations aim to examine whether the increase in imports, as claimed, has occurred and whether such imports pose serious damage or a threat of serious damage to domestic producers.
