Business

Turkey: additional support will be given for target countries’ activities in exports

5 points will be added to the additional support rates provided by the Ministry of Commerce for the activities of exporters operating in the automotive, machinery, electrical-electronics, food, and chemistry sectors for the target countries determined for 2021.

The Presidential Decree on Providing Additional Support to Target Countries for Activities Carried Out in Target Sectors in State Supports for Goods Exports was published in the Official Gazette and entered into force.

The support rates are applied incrementally in order to encourage the orientation of exporters to the target countries determined by the Ministry of Trade with long-term and broad participation and to increase the market share in these countries.

The “target country-target sector” approach developed to increase the share of imports from target countries is based on the vision of supporting the export-oriented activities of the 5 high value-added target sectors identified as automotive, machinery, electrical-electronics, food, and chemistry sectors with the “Export Master Plan”.

With the arrangement made, the following countries were determined as target countries for 2021 of exporters operating in the automotive, machinery, electric-electronics, food, and chemical sectors: USA, Brazil, China, Ethiopia, Morocco, South Africa, South Korea, India, Iraq, England, Japan, Kenya, Malaysia, Mexico, Uzbekistan, Russia, and Chile. In these countries, the additional support rates provided by the Ministry of Commerce for the foreign fairs they participate in, the sectoral trade delegations they participate in, the rent payments of the various units they open for trade, and the promotion and trademark registration expenses will be increased by 5 points each.

Source: AA / Translated by Irem Yildiz

Leave a Reply

Your email address will not be published.

Back to top button