#Forex Haberleri

Is Low Tax an Opportunity for Turkey?

Turkey is placed in the lowest group among the additional import taxes applied by the United States. A 10 percent additional tax will be imposed on Turkey. Mustafa Gültepe, President of the Turkish Exporters Assembly, stated that the development will create an advantage.

The U.S. has implemented additional customs duties on 185 countries, including Turkey. Turkey is in the lowest group on the tax list at 10 percent. Speaking on a live broadcast on NTV, Mustafa Gültepe, President of the Turkish Exporters Assembly (TİM), commented that the development could be advantageous. Gültepe expressed, “Looking from Turkey’s perspective, a 10 percent tax has been applied to all countries worldwide. Turkey is within the 10 percent. When compared to other countries, it’s pleasing from our country’s point of view.” Ongoing sector-specific efforts were highlighted by Gültepe, who evaluated, “The trade volume with America is not significantly high. We are not a country that incurs a large trade deficit. The total volume is around 29 billion.” Gültepe drew attention to the intention to increase trade with the U.S. through joint committees, noting that Turkey appears to be in an advantageous position. He remarked, “If this advantage enhances our competitiveness a bit more, I believe that the trade volume between the two countries will reach $100 billion in a very short period.” Emphasizing that the average tax rate is 25 percent, the TİM President pointed out, “Turkey seems to be in an advantageous position. If improvements in competitiveness are made, after the European Union, America could be the focus for exports. It seems to have mutual growth potential.”

Is Low Tax an Opportunity for Turkey?

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