Turkey to exempt auto sector investors from certain import duties

Turkey will allow carmakers that add annual output capacity of at least 100,000 vehicles to import additional vehicles equaling 15 percent of that amount without tariffs, Turkish Economy Minister Zafer Caglayan has said. The new import duty exemption for cars only applies to those in the low-end A, B and C segments. Minister Caglayan also announced that the producers making new investments in engine production will be able to import the equivalent of 30 percent of their new car capacity to Turkey duty-free.
 
The Turkish government is introducing incentives for local providers of key products and services. The economy minister stated priority will be given to sectors including cultural assets, railways, maritime, automotive, aerospace and R&D investments.