Turkey takes measures against rebar imports from Iran

Thursday, 18 April 2019 11:24:17 (GMT+3)   |   Istanbul
       

According to Turkey’s Official Gazette published on April 17, Turkey has increased the 10 percent import duty on rebar to 30 percent for countries which are not members of the World Trade Organization (WTO).

Iran stands out as one of the non-WTO countries whose rebar exports to Turkey have increased lately. Towards the end of last year, Iran started to be seen as a threat to the Turkish rebar market. Other non-WTO countries are Iraq, Syria, Azerbaijan, Bosnia-Herzegovina, Serbia, Belarus, Algeria, Libya, Sudan, Ethiopia and Somalia.

The import duty on rebar in Turkey was first decreased to ten percent from 30 percent in July 2017, and then completely removed as of January 1, 2018, before again being raised to ten percent at the beginning of the current year.


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