Skip to content

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:
 

Consulate approval for Iranian imports suspended in Turkey

by ChemOrbis Editorial Team - content@chemorbis.com
  • 31/07/2017 (16:49)
On July 24, 2017, Turkey started to require consulate approval for the invoices of the imports of Iranian material following an implementation that entered into force within the frame of reciprocity principle. The aforementioned case caused problems in deliveries from Iran due to longer bureaucratic process since early past week. As of July 28, the enforcement was suspended until the Ministry of Foreign Affairs makes the required arrangements so that the importation process is carried out smoothly.

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.”
Free Trial
Member Login