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Turkish Cabinet extends safeguard measure on PET imports

by ChemOrbis Editorial Team -
  • 17/10/2014 (17:32)
According to a statement published in the Official Gazette on October 16, 2014, Turkey’s Ministry of Economy decided to extend the existing safeguard measures on PET imports, which will expire on November 7, 2014.

In July 2014, Turkish domestic producers including Artenius Turkpet, Koksan PET and Meltem Kimya requested the Ministry to conduct a review investigation on PET imports as they think that they will be open to unfair competition with imported products once the additional financial obligation duties expire. Upon their request, the Ministry of Economy opened a review investigation on these measures and decided to extend them for the next three years. The decision took effect on October 16, the day it was published.

According to the decision, the additional financial obligation for PET imports for countries subject to the additional duty will be 6.75% in the first year, 6.65% the next year and 6.55% in the third year.
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