2024-06-23 10:45:14
In an analogous transfer taken by the US and the European Union, Turkey intends to impose customs duties on all automobiles imported from China.
In keeping with a report revealed by Deutsche Welle, “The Turkish Ministry of Commerce introduced that customs duties of 40 %, or at the very least $7,000, shall be imposed on every car.”
In keeping with the web site, “As of July 8, complete customs duties on imported Chinese language automobiles might attain 50 %.”
Aydin Erkok, head of the Vehicle Sellers Affiliation of Turkey, mentioned, “Imposing customs duties on all Chinese language automobiles contradicts the free market,” including: “Though European automotive gross sales are declining because of low-cost competitors with Chinese language automobiles, all automobiles will now develop into dearer.” The fee and extra tariffs on Chinese language automobiles might result in a rise in automotive costs by about 45 %.”
Final yr, 2023, Turkey imposed a customs tariff on Chinese language electrical automobiles, and Chinese language automotive gross sales presently represent about 10 % of complete automotive gross sales in Turkey.
Brussels lately introduced elevating European customs duties on imports of Chinese language electrical automobiles to about 38%, and the administration of US President Joe Biden additionally introduced strict new tariff charges on Chinese language imports value $18 billion.
Recommend a correction
2024-06-23 10:45:14