In the automotive market, a new tax regulation was made to prevent the rise in imported cars. According to the decision in the Official Gazette, additional customs duty will be applied to passenger cars imported from countries other than the European Union and Free Trade Agreement (FTA). So, which countries Türkiye has a free trade agreement (STA)? What is a Free Trade Agreement?
What is a Free Trade Agreement?
Free Trade Agreements (STA) are bilateral agreements that countries signed with each other and remove the obstacles to export to increase trade between them. In this way, the producers of the countries that are parties to FTA can compete with each other on equal terms and the international competitiveness of the countries that are parties to the STA is increasing.
Which countries Türkiye has a free trade agreement with?
Our country is already with 23 countries (EFTA ((Switzerland, Norway, Iceland, Lihtenştayn), Israel, Macedonia, Bosnia and Herzegovina, Palestine, Tunisia, Morocco, Egypt, Albania, Georgia, Montenegro, Serbia, Chile, Morityus, South Korea, Malaysia, Moldova, Faroe, Singapur, Kosovo, Kosovo, Kosovo The website of the Ministry of Economy can be visited for the information that is in force.
Which countries of Türkiye do not have a free trade agreement?
There is no free trade agreement between Türkiye, which has imported automobiles/commercial vehicles in the past and today with countries such as China, Japan, USA, South Africa and Mexico.
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