ANNOUNCEMENT 01 Jan 2015

In January 2015, the government of Turkey announced a change in financial export support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Source Title: Tarimsal ?r?nlerde Ihracat Iadesi Yardimlarina Iliskin Karar
(decree relating to the subsidy of export refund for agricultural products)

http://www.resmigazete.gov.tr/eskiler/2015/02/20150214-19.htm


Inception date: 01 Jan 2015 | Removal date: 31 Dec 2015
Still in force

Export subsidy

On 14 February 2015, with the Money-Credit and Coordination Council Resolution on Export Refunds No. 2015/1, the Government of Turkey announced introducing export refunds for agricultural products effective from 1 January 2015. According to the Resolution, the Government aims to increase the competitiveness of Turkish agricultural products in international markets and enhance the export potential of the agriculture industry.

The program applies to 16 agricultural products including; cut flowers, frozen vegetables, dehydrated vegetables, frozen fruits, preserved vegetables and fruits, tomato pastes, homogenized fruit preparations, fruit juices, olives and olive oil, prepared or preserved fish, poultry meat, eggs, honey, chocolate and other food preparations containing chocolate, biscuits, waffles and pasta.

On 12 February 2016, with a new Resolution No. 2016/1, the Government of Turkey replaced the Resolution No. 2015/1. With the new Resolution No. 2016/1, amount of export refunds for each product is increased (see related state act).