Turkey suspends 130 pct duty on grain imports until May

The private sector in Turkey will be able to import wheat and oats without being subject to any tariffs until May 1, according to a recent Cabinet decision.

Turkey suspends 130 pct duty on grain imports until May

World Bulletin / News Desk

The private sector in Turkey will be able to import wheat and oats without being subject to any tariffs until May 1, according to a recent Cabinet decision, Cihan news agency said.

The decision, according to which a 130 percent tariff on the import of those two products was reduced to zero, was published in the Official Gazette and went into force on Friday.

In December of last year, the Justice and Development Party (AK Party) government granted the state-owned Soil Products Office (TMO) the right to customs-free import of 1 million tons of wheat to contain the risk of possible price increases in the sector that emerged following the banning of wheat exports by Russia, one of the world's biggest wheat producers, after wildfires devastated crops.

The private sector has since then been voicing criticism that they should have had the same privilege to avoid unfair competition in the market. The TMO has already agreed on importing 600,000 tons of wheat and has another 1.47 million tons of wheat in reserve.

Last Mod: 25 Şubat 2011, 17:10
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