Turkey revises customs duties on imports from Singapore
by ChemOrbis Editorial Team - content@chemorbis.com
According to a statement published on the Official Gazette on November 21, 2017, the official customs duty rates between Turkey and Singapore are set forth.
Within the framework of the free trade agreement signed between the two countries, the 6.5% customs duty of LDPE (3901.10.90.00.11), HDPE (3901.20.90.00.11), PP compounds (3902.10.00.00.11), PPH (3902.10.00.00.19), EPS (3903.11.00.00.00), PS (3903.19.00.00.00), SAN copolymers (3903.20.00.00.00), ABS copolymers (3903.30.00.00.00) as well as other products coded 3903.90.90.00.00 and 3904.10.00.00.19 is reduced to 5.6% as of today. Meanwhile, LLDPE (3901.10.10.00.00) will not be subject to the gradual duty elimination and the duty for this product has been reduced to 0% as of November 21, 2017.
The new customs duties at 5.6% are valid until January 1, 2018. The aforementioned products will be eliminated from customs duties gradually in 8 steps. That is to say, the new duties will be 4.88% throughout 2018 and these products will be fully exempted from any types of customs duties as of January 1 of the eighth year.
Within the framework of the free trade agreement signed between the two countries, the 6.5% customs duty of LDPE (3901.10.90.00.11), HDPE (3901.20.90.00.11), PP compounds (3902.10.00.00.11), PPH (3902.10.00.00.19), EPS (3903.11.00.00.00), PS (3903.19.00.00.00), SAN copolymers (3903.20.00.00.00), ABS copolymers (3903.30.00.00.00) as well as other products coded 3903.90.90.00.00 and 3904.10.00.00.19 is reduced to 5.6% as of today. Meanwhile, LLDPE (3901.10.10.00.00) will not be subject to the gradual duty elimination and the duty for this product has been reduced to 0% as of November 21, 2017.
The new customs duties at 5.6% are valid until January 1, 2018. The aforementioned products will be eliminated from customs duties gradually in 8 steps. That is to say, the new duties will be 4.88% throughout 2018 and these products will be fully exempted from any types of customs duties as of January 1 of the eighth year.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Stats: Türkiye’s cumulative polymer imports hit 3-year low in Jan-Sept
- PP, PE markets torn between firmer monomers and poor dynamics in Europe
- Peak season closes with modest PP, PE gains in China, except for LDPE’s strong stand
- India finally announces ADD on S-PVC imports: What’s in store for subject countries?
- Turkish PE players hunt for signs of a market bottom amid pending Nov offers
- Freight rates rise after prolonged slump; is this rebound here to say or just a dead cat bounce?
- India’s PVC price range narrows as low-end Chinese offers fade amid ADD speculation
- Slump deepens in European plastics recycling industry
- SE Asia’s PPH regains premium over China after 3 weeks
- Stats: China rapidly expands its share in SE Asia’s PP markets
