ANNOUNCEMENT 22 Apr 2011
In April 2011, the government of Turkey announced trade finance support for exports to Syria.
NUMBER OF INTERVENTIONS
Decree No. 2011/1618
On 22 April 2011, the Turkish government enforced an export credit agreement signed with the government of Syria in 2010. Under the agreement, the Turkish Export-Import Bank will open a credit line with a maximum value of 180 million Euros to a public Syrian bank.
The loans under this programme have a maturity of 10 years with a rate of EURIBOR plus 2.5 percentage points. Exporters of products that are also produced locally may not apply for the funding.
The list of affected tariff lines includes the products exported from Turkey to Syria in the year prior to the implementation of this measure and with trade value exceeding USD 1 million.