IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 02 Aug 2018 | Removal date: open ended

Export subsidy

On 2 August 2018, a 200 million USD credit agreement was signed between Turk Eximbank and Tunisian Ministry of Development, Investment and International Cooperation, within the scope of Turk Eximbank International Loans Program.

The credit agreement has a 10-year tenor with a 1.5% interest rate and will support investments and other projects in security and defence industries.

Following the signing of the agreement, on 22 September 2018, Turkish Ambassador to Tunisia, Omer Faruk Dogan declared that “Turkey aims to strengthen cooperation with Tunisia, particularly in defence industry. Recently a Turkish company has made significant progress in talks with the Tunisian Ministry of Defence regarding an investment project in the production of steel vest and armoured vehicles. The loan program extended by Turk Eximbank will facilitate this investment project and similar projects” (author’s own translation).

International Loans Program

Turk Eximbank pursues International Loans Programs to finance overseas contracting projects and purchases of Turkish products, in order to promote exports and diversify the export markets, to increase the share of Turkish export products in international markets and to strengthen the competitiveness of Turkish companies in international markets. 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

271 Made-up textile articles
431 Engines & turbines & parts
447 Weapons & ammunition & parts
496 Aircraft & spacecraft; parts

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