Finance Minister Berat Albayrak said that it will not be easy to import goods apart from those considered essential during the coronavirus pandemic, which has battered the economy of Turkey and its trading partners.
“Apart from products that are strategic and that we unable to produce, importing will not be easy,” said Albayrak, who is also the son-in-law of President Recep Tayyip Erdoğan.
Albayrak said that the amount of support credit funds that have been distributed in Turkey due to the pandemic has reached the 252 billion TL mark, with that amount increasing to 350 billion TL when postponed loans and interest is included.
Decisions of the presidency have resulted in custom taxes increases of 30 percent during the coronavirus epidemic, while customs taxes will be added to more than 800 products, particularly those used the automotive industry.
The added customs taxes will be in affect until September 30.Turkey ‘practically bans’ imports to shrink foreign trade deficit in AprilCoronavirus crisis is 'like no other' as it hit all sectors, countries, says chief of Turkey's top business group