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    Turkey Levying Additional Duties On Some Imported Textiles And Garments

    2011/7/27 15:30:00 26

    Import Tariff Of Textiles In Turkey

    Turkey has imposed additional tariffs on some textiles and clothing garments imported from non EU countries, which has affected imports of US $3 billion, Turkey's Ministry of Economic Affairs said.


    Produced in Turkey

    commodity

    Those products from European Union countries will be exempt from mortgage tax and mortgage tax will take effect from Friday.


    In the second quarter of 2011, Turkey's economic growth was close to zero. Erdem, governor of Turkey's central bank, said that from April, import growth began to pause and non energy imports began to decline.


      

    Turkey

    The central bank is trying to reduce the deficit and slow down.

    Economic development

    Because many analysts are worried that the economy of Turkey is close to overheating, the measures they are introducing are being introduced.


    In the first quarter of this year, Turkey's economy grew at a rate of 11%, and the seasonally adjusted quarter growth rate was 1.4%.


    Turkey's central bank said that the growth rate slowed down on Thursday and the policy interest rate reached 6.25%. There are signs that Turkey may relax its policy interest rate if the debt crisis worsens in the eurozone and the United States.

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