Update on Turkey’s custom duties for 2015
by ChemOrbis Editorial Team - content@chemorbis.com
In Turkey, in accordance with the Cabinet decision regarding the import regime published on the Official Gazette dated December 31, 2014, several updates have been made on customs duties as was expected. According to the aforementioned decision, which is effective as of January 1, 2015, within the scope of the free trade agreement signed with South Korea, customs duties for homo-PP, PVC and LDPE imported from this country have been reduced to 3.2% from 4.3%.
In line with the regulation made by the European Union (EU), China, Ecuador, the Maldives and Thailand were removed from the category of developing countries and included in the category of other countries. The custom duties for materials imported to Turkey from these countries has been increased to 6.5%.
The recent adjustment will mostly affect Thailand as China already has a special trade status under which the materials imported from this country have been subject to a customs duty of 6.5% for several years. According to ChemOrbis Import Statistics, in the first eleven months of 2014, Turkey imported 35,000 tons of polymers from Thailand, representing a decrease of 48% compared with the same period of 2013. HDPE comprised 43% of overall imports from this country while PS made up 31%.
In line with the regulation made by the European Union (EU), China, Ecuador, the Maldives and Thailand were removed from the category of developing countries and included in the category of other countries. The custom duties for materials imported to Turkey from these countries has been increased to 6.5%.
The recent adjustment will mostly affect Thailand as China already has a special trade status under which the materials imported from this country have been subject to a customs duty of 6.5% for several years. According to ChemOrbis Import Statistics, in the first eleven months of 2014, Turkey imported 35,000 tons of polymers from Thailand, representing a decrease of 48% compared with the same period of 2013. HDPE comprised 43% of overall imports from this country while PS made up 31%.
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