A tariff quota for oil sunflower seeds and crude sunflower oil imports has been announced in Turkey

Published 2024년 8월 6일

Tridge summary

A presidential decree has introduced a tariff quota for the import of oil sunflower seeds and crude sunflower oil, with allocation to companies that purchase domestic sunflower seeds. The measure aims to ensure supply security, meet domestic needs, and encourage domestic production. The tariff quota, with an 8% customs duty for seed imports and 20% for raw sunflower oil imports, will be in effect from July 1 to November 30, allowing imports if the purchase is made from farmers between January 1 and April 30, 2025, to prevent damage to domestic producers. The Ministry of Commerce and the Ministry of Agriculture and Forestry will monitor the market to implement necessary regulations and protect consumers from speculative price movements.

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Original content

A tariff quota has been determined for the import of oil sunflower seeds and crude sunflower oil to be allocated to companies purchasing domestic sunflower seeds. A tariff quota has been determined for the import of oil sunflower seeds and crude sunflower oil to be allocated to companies purchasing domestic sunflower seeds. Accordingly, the Presidential Decree came into force after being published in the Official Gazette. In the statement made by the Ministry of Commerce on the subject, it was stated that producer and consumer welfare were evaluated together in order to prevent speculative prices by directing the markets correctly, to ensure supply security in basic food products and to meet the country's needs by encouraging domestic production. He stated that the necessary measures were taken in a timely manner by the Ministry, in coordination with the Ministry of Agriculture and Forestry as well as relevant institutions and organizations, using all tools of trade policies. ...

Source: Iha