An additional 20% financial obligation will be applied for the import of products made of gold, diamonds, and base metals plated with precious metals from countries other than the European Union (EU) and the countries with which a Free Trade Agreement has been signed.
“The Presidential Decision on the Implementation of Additional Financial Liability in the Import of Certain Products” was published in the Official Gazette.
Accordingly, the additional financial obligations applied to some products have been updated by taking into account the developments in economic and commercial life.
In this context, an additional 20% financial obligation will be applied for the imports of some jewelry and jewelry items originating from countries other than the EU and countries with which a Free Trade Agreement has been signed. The said obligation will apply to products made of gold, gold with diamonds, and base metals plated with precious metals.
According to the information obtained from the Ministry of Commerce, the decision was taken in line with the objectives of preventing the current account deficit and achieving domestic production and employment targets.
The decision will take effect in 3 days.
Source: AA / Prepared by Irem Yildiz