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ESKINAZI: WE WELCOME THE DECISION OF THE MINISTRY OF TRADE

Press release…

Global recession extends the duration of inward processing authorisations…

Due to the global recession, exporters were given the opportunity for additional time due to the global recession in inward processing authorisation documents, which contribute to approximately half of Türkiye’s annual exports of 254 billion dollars, giving exporters the opportunity to import with customs exemption. Exporters thanked the Ministry of Trade for the regulation.

Jak Eskinazi, Coordinator President of the Aegean Exporters’ Associations (EIB), stated that exporters who could not fulfil their export commitments due to the global recession were given another opportunity and that they welcomed the decision of the Ministry of Trade, which is in line with the realities of commercial life.

Jak Eskinazi

Pointing out that Inward Processing Authorisation Certificate (DİİB) provides exporters with the opportunity to import with customs exemption, Eskinazi said: “Exporters in Türkiye use around 7 thousand inward processing authorisation certificates every year. It is an arrangement made in favour of exporters in an application that has a positive touch on half of our exporters. The additional time to be given to our exporters not exceeding half of the document period will both ensure that our exports continue in a healthy way and prevent our companies from being penalised due to delays caused by the global economic crisis. We would like to thank our Minister of Trade Professor Dr. Ömer Bolat and the bureaucrats of the Ministry of Trade for this arrangement.”

Reminding that Türkiye has an export target of 302.2 billion dollars for the end of 2026 according to the Medium Term Programme (MTP – OVP), Eskinazi added that the supports provided to exporters in recent days to achieve this target are very valuable and increase the motivation of Turkish exporters…

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