Consulate approval for Iranian imports suspended in Turkey
At first step, PAGEV (Turkish Plastic Industry Foundation) demanded for a duration of 45 days in order to solve this issue about the obligation for consulate approval. The main goal behind this request was to let the companies whose import cargos were already shipped pull their materials from the customs and save some time to make the needed evaluation for the next step. Accordingly, the implementation has been suspended for now until consulates handle the needed preparations.
Initial reactions have emerged soon after the news spread out. A large scaled converter in Turkey stated, “The requirement for consulate approval boosted some PP and PE demand as buyers turned to the local market to meet their needs out of mounting concerns about possible delays in deliveries from Iran. However, we believe the most recent suspension will put a cap on the recent firming as it will ease supply concerns.”
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