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.
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