Is there a need to import 1500 tons of cheese from Venezuela?

Published 2020년 8월 22일

Tridge summary

A presidential decree in Turkey has enabled the import of 16,600 tons of agricultural and food products from Venezuela duty-free, effective from August 21, 2020. This agreement, part of the Trade Promotion Agreement approved on May 31, 2020, includes tariff quotas for certain agricultural products. Notably, 1500 tons of cheese will be among the imports, despite Turkey's existing surplus in cheese production. The import of these products is expected to have minimal impact on the country's trade balance, although concerns have been raised about the potential negative effects on local farmers and producers. The decree also highlights Turkey's history of imports exceeding exports to Venezuela since 2005, with a notable shift in 2019 when exports surpassed imports for the first time.

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

Original content

With the Presidential Decree published in the Official Gazette dated August 21, 2020, 16,600 tons of agricultural and food products will be imported from Venezuela with zero customs. Venezuela signed between Turkey and entered into force on 31 May approved 2020 "Trade Promotion Agreement" in accordance with the framework of tariff quotas applicable to the importation of certain agricultural products it imports from Venezuela to do. In the framework of similar agreements with many countries, a tariff quota is applied in imports. Among the products to be imported from Venezuela with zero customs, cheese was the most notable. It is expected to import 1500 tons of cheese from this country, including fresh, melted and other cheeses. Venezuelan products will be imported from Turkey and quantities of cheese production, a situation that does not require to import from Venezuela Referring to foreign trade. 671 thousand 497 tons of Turkey's total cheese production data in 2019. According to ...

Source: TRdunyasi