Türkiye has eliminated an 8% customs tax on imports of oil sunflower seeds inside its earlier set quota, based on a presidential decree printed within the Official Gazette on Wednesday.
The nation had in August set a quota tariff of 8% customs tax for 1 million tons of oil sunflower seeds, or 20% customs tax for its equal of 400,000 tons of crude sunflower oil.
This tariff could be legitimate between Jan. 1, 2025, and April 30, 2025.
With the brand new decree, the federal government scrapped the 8% tax on imports of oil sunflower seeds, whereas the tariff for imports exterior the quota was lower to 12% from 27% for many international locations of origin.
However, there have been no modifications to the sunflower oil tariff of 20%.
The Trade Ministry stated the transfer was geared toward making certain that business and processors may procure the required items at an inexpensive worth throughout harvesting season for the international locations of origin, and to realize worth stability within the provide of sunflower oil.
Source: www.dailysabah.com