Turkey has imposed duties ranging from 25% to 30% on passenger car imports from non-EU countries and its free trade agreement partners, according to a presidential decree published in the Official Gazette on September 1. 22.
This measure is aimed at supporting the domestic automotive sector in the fight against unfair trade, reducing the current account deficit and increasing employment in the industry, the Turkish Ministry of Commerce said in a statement on September 1. 22.
"The decision was made taking into account the rapidly growing protectionist measures around the world," the ministry said.
According to the decree, the following additional duties will be applied:
For conventional and hybrid vehicles (excluding plug-ins): 25% or a minimum of $6,000 per car, whichever is higher.For hybrid cars - 30% or at least $7,000 per unit, whichever is higher.For electric vehicles: 30% or at least $8,500 per car, whichever is more. higher.
The Commerce Ministry said the decision would take effect 60 days after its publication, with a transition period for current import processes.
The timing of the announcement coincides with Turkey's cancellation of retaliatory duties on some U.
S. goods, including vehicles, which was also announced in September. 22, which indicates a strategic shift in trade policy ahead of high-level diplomatic meetings.
The exclusion of cars from the EU is indicative of Turkey's continued integration into European automotive supply chains, despite growing geopolitical tensions. Turkey is an important manufacturing hub for European automakers, where major manufacturers operate assembly plants that export cars both domestically and worldwide. The selective application of duties supports established trade relations, while targeting competitors from Asia and other regions.
According to the data of the Association of Turkish Automobile Manufacturers (OSD), published in September, the volume of car production in Turkey in January-August increased by 3.5% year-on-year and amounted to 908,238 units. 15.
Fluctuations in demand and production costs have affected the demand for vehicles and prices in Turkey.
The Platts agency, part of S&P Global Commodity Insights, estimated the domestic hot-rolled roll at $ 550 per ton excluding shipments to Turkey on September 19, which is a stable indicator throughout the week. a week.
The author Jank can
