Turkey is placed in the lowest group for additional import taxes that the United States will impose. A 10% extra tax will be applied to Turkey. Mustafa Gültepe, the President of the Exporters’ Assembly of Turkey, stated that this development would create an advantage.
The USA has introduced additional customs duties to 185 countries, including Turkey. Turkey is in the lowest group on the tax list, with a 10% rate. Speaking on a live broadcast on NTV, Mustafa Gültepe, President of the Exporters’ Assembly of Turkey (TİM), mentioned that this development could bring advantages. Gültepe stated, “When we look at it from Turkey’s perspective, it imposed a 10% tax on all countries in the world. Turkey is within the 10%. Looking at other countries, of course, it looks encouraging for our country at the moment.” He also noted that sectoral studies are ongoing.
Indicating that the trade volume with America is not very high compared to other practices, Gültepe stated, “We are not a country that gives a very high trade deficit. It has a total volume of about 29 billion.” Emphasizing their intention to increase trade with the USA through mixed delegations, Gültepe remarked that Turkey appears advantageous. Gültepe commented, “If this advantage enhances our competitiveness a little, I believe that the trade volume between the two countries will reach 100 billion dollars in a very short period.” The President of TİM, highlighting that the average tax rate is 25%, stated, “Turkey seems to be in an advantageous position. If improvements in competitiveness occur, Turkey could be the exporter after the European Union. There seems to be mutual growth potential.”
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