Customs duties on cereals increased to triple-digit levels in Turkey

Published 2023년 4월 25일

Tridge summary

Starting from 1 May, the customs duty for grain imports from all countries, except Bosnia and Herzegovina, will be increased to 130%. However, zero customs duty will be applied to common and red wheat, durum wheat, meslut, rye, oats, white and malted barley, corn, and millet until April 30. This decision affects imports from countries such as the EU, the UK, Georgia, South Korea, Malaysia, Kosovo, Venezuela, the D-8 countries, and the preferential trade system (TPS-OIC). Additionally, a 16.2% customs duty will be applied to rye, white barley, oat, corn, and millet imports from Singapore.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The customs duty applied to some grain imports from all countries except Bosnia and Herzegovina will be applied as 130 percent from 1 May. Included in the 10th Chapter of List I attached to the import regime decision; In accordance with the footnote attached to the decision, zero customs duty was imposed on the imports of common and red wheat and durum wheat, meslut, rye, oats, white and malted barley, corn and millet until April 30. According to the President's decision amending the import regime decision published in the Official Gazette, all countries including the EU, United Kingdom, Georgia, South Korea, Malaysia, Kosovo, Venezuela, D-8 countries and preferential trade system (TPS-OIC) The customs duty on the imports of common and red wheat, durum ...

Source: TRBloomberg