IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 09 Oct 2016 | Removal date: open ended
Still in force

State loan

The Turkish government in a press release announced that on 09 October 2016, it established a joint investment fund with the Russian Federation. The endowment capital of the investment fund was set at USD 1 billion (with both Turkey and the Russian Federation each providing USD 500 million towards the establishment of the fund).

The core scope of this fund is to boost trade relations between Russian Federation and Turkey in the sectors of tourism, energy, agriculture, and transport.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

631 Accommodation services for visitors
632 Other accommodation services for visitors & others
641 Local transport & sightseeing services for passengers
642 Long-distance transport services of passengers
651 Land transport services of freight
652 Water transport services of freight
855 Travel arrangement, tour operator & related services
965 Sports & recreational sports services
969 Other amusement & recreational services

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