import and export market in Turkey

By 0
149
 import and export market in Turkey

 

Since 1995, Turkey has signed the Customs Union Agreement with European Union countries. According to the agreement, Turkish products must adhere to the specifications with their joint products with the European Union. This agreement applies to industrial goods and manufactured agricultural products.

  • Turkey now ranks seventh in the EU’s import list. In the future, there is a good chance that Turkey will become a member of the European Union.
  • The Turks mainly import cars, gold, refined petroleum, chemicals, machinery and others.
  • Turkey is also part of the Euro-Mediterranean Partnership (Euromed) Which aims to promote economic integration in 16 countries of the Mediterranean region. The Turkish authorities have signed several double taxation treaties so that foreign investors avoid double taxation.

A value-added tax (VAT)

VAT Exempt Goods and Services (Exemptions without Credit), as well as contract manufacturers to customers in free zones.

Papers required to export any shipment to Turkey

  • Customs clearance
  • Shipping Policy
  • Certificate of Origin
  • Packing regulations
  • Evaporation certificates for wood products
  • Health certificates for food products
  • Quality certificates are requested in some countries such as Algeria, Morocco and China.

Papers required to import any shipment from Turkey

  • Commercial or industrial register
  • Import Card (Import Permit)
  • Tax card
  • Payment document by the bank (document proving the transfer of invoice value outside the country of the importer)
  • General authorization of the customs broker certified by the chamber of commerce or industry..

Valuable tips and information about import from Turkey

It may seem to you that you need significant capital to work in the field of import and export, but actually, you can establish your business with sufficient equity as a start, then expand your activities after having a better understanding of the market through experience, and gathering information. So you can get offers Import from Turkey with the lowest possib[le expenses.

There are some things to consider when importing from Turkey

You must observe the product quality standards and their conformity with the specific specifications, also free from the manipulation of some companies and factories in quality, to ensure a good presence in the target market. In case you do not have sufficient experience in the examination of your imported goods you can use some of the companies specialized in the examination of Imported goods.

Also, critical things that may be overlooked by Importers are not stating the country of origin or source of origin. Which leads to the rejection of your goods in the customs and to charge you a penalty, so you have to pay attention to this matter thoroughly, if your products were manufactured in Turkey, there must be a statement MADE IN TURKEY to avoid any problems or penalties

Leave a reply

Your email address will not be published. Required fields are marked *

Your Name:*

Your Website

Your Comment