Customs duty on vegetable oils has been reset in Turkey

Published 2022년 3월 4일

Tridge summary

In response to potential oil supply issues following Russia's invasion of Ukraine, Turkey has adjusted its customs duty on oil imports for technical and industrial use until June 30. The list of affected imports includes crude, pomace, soybean, safflower, sunflower seed, and corn oils, with zero customs duty applied. Additionally, certain animal food, flours, and other oils are now allowed for export. The Ministry of Agriculture and Forestry highlighted that the export of various agricultural products is subject to periodic regulation. This move aims to mitigate the effects of the Russia-Ukraine conflict, which has impacted Turkey's crude oil imports, primarily from these countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Measures were taken to solve the oil problem that may come to the fore after Russia's attack on Ukraine. Customs duty on imports of oil used for technical and industrial purposes, rapeseed and rapeseed was reset until 30 June. According to the decision published in today's issue of the Official Gazette and amending the import regime decision, the products that will apply zero customs duty on imports include crude, pomace, soybean, safflower, sunflower seed and corn oils. With the communiqué on the export of some agricultural products published in the same newspaper, the export of some animal food, various flours and some oils, and the products that the Ministry of Agriculture has the authority to regulate periodically, were added to the list. According to the Ministry of Agriculture and Forestry, there is a periodical period in the export of rice, wheat and corn flour, wheat and corn semolina, soybean, sunflower seeds, safflower or cotton seeds, rape, rapeseed and mustard, corn ...
Source: TRBloomberg

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