ANNOUNCEMENT 19 Jun 2012

In June 2012, the government of Turkey announced a change in a support programme for the private sector.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising

SOURCE



WTO-UNCTAD-OECD 8th Report on G20 Trade and Investment Measures, mid-May to mid-October 2012, http://www.oecd.org/daf/internationalinvestment/8thG20report.pdf
Turkey Offers Incentives for Carmakers to Expand Production - Businessweek,
http://www.exporter.com/compliance-logistics/tariffs/turkey-offers-incentives-for-carmakers-to-expand-production-businessweek/

Turkey unveils incentives to boost car production, http://in.reuters.com/article/2012/06/19/turkey-incentives-idINL5E8HJ4DP20120619
Turkey Offers Incentives for Carmakers to Expand Production,

http://www.bloomberg.com/news/2012-06-19/turkey-will-lower-car-import-duties-for-capacity-rise-correct-.html
Turkey Offers Incentives for Carmakers to Expand Production,
http://www.businessweek.com/news/2012-06-19/turkey-will-lower-car-import-duties-for-capacity-rise

Policy updates (A compilation of rules, laws and policies on trade and investments in CACCI member countries), http://www.cacci.org.tw/upload/2012AugustPolicyUpdates.pdf

Saudi Gazette - Exciting incentives await investors, http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentid=20121029141175

Turkish automotive industry - Invest in Turkey,
http://www.invest.gov.tr/en-US/infocenter/publications/Documents/AUTOMOTIVE.INDUSTRY.pdf
http://www.invest.gov.tr/en-US/sectors/Pages/Automotive.aspx

Turkish incentive scheme attracts foreign carmakers,
http://www.hurriyetdailynews.com/turkish-incentive-scheme-attracts-foreign-carmakers.aspx?pageID=238&nid=12658


Inception date: No inception date

State aid, nes

According to numerous and consistent international press reports of June 19, 2012, Mr Mehmet Zafer Çaglayan, Minister of Economy of the Republic of Turkey, has declared that investors who plan to produce at least 100,000 cars per year, or who plan a capacity increase at the same level, will be exempted in some cases from import customs taxes for 15 per cent of their capacity. A similar incentive scheme is foreseen for engine producers.
 
Fiat SpA, Toyota Motor Corp., Honda Motor Co., Renault SA produce cars in Turkey. The German carmaker Volkswagen is also considering investing in production facilities in Turkey, after the Turkish government expressed its commitment to provide incentives to the Turkish auto sector.

AFFECTED SECTORS