Türkiye removes customs tax on imports of oil sunflower seeds

Published 2024년 11월 27일

Tridge summary

Türkiye has abolished the 8% customs tax on imports of oil sunflower seeds within the set quota and reduced the tariff for imports outside the quota from 27% to 12%. However, the 20% tariff on sunflower oil imports remains unchanged. This decision aims to help industry and processors maintain reasonable prices during the harvesting season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Türkiye has removed an 8% customs tax on imports of oil sunflower seeds within its earlier set quota, according to a presidential decree published in the Official Gazette on Wednesday. The country had in August set a quota tariff of 8% customs tax for 1 million tons of oil sunflower seeds, or 20% customs tax for its equivalent of 400,000 tons of crude sunflower oil. This tariff would be valid between Jan. 1, 2025, and April 30, 2025. With the new decree, the government scrapped the 8% tax on imports of oil sunflower seeds, while the tariff for imports outside the quota was cut to 12% from 27% for most countries of origin. However, there were no changes to the sunflower oil tariff of 20%. The Trade ...
Source: Dailysabah

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