The Treasurer’s Guide to Trade Finance

Turkey

Principal exports

Apparel, foodstuffs, textiles, metal manufactures

and transport equipment.

Import/Export documentation

ƒ Commercial invoice, bill of lading, customs

declaration and a certificate of origin.

Licences

Imports

ƒ Certain chemicals, machinery, and motor

vehicles.

ƒ Licences with quotas: textiles and apparel

from two non-WTO countries.

ƒ Permits from the Ministry of the Economy:

old, used, faulty or obsolete items.

Exports

ƒ Goods/items that are subject to international

controls.

ƒ There are export restrictions on items for

which demand outweighs supply, certain

artworks and historically or culturally

valuable objects and antiquities.

Tariffs/Taxes

Imports

ƒ Tariffs on imports from outside the EU are set

according to the EU’s common customs code,

with higher rates for agricultural imports.

ƒ From the EU and EFTA, only agricultural

products are subject to tariffs.

ƒ Industrial products from outside the EU and

EFTA have an average tariff of 4.2 percent.

ƒ Agricultural products from the EU and EFTA

have an average tariff of 57.4 percent, while

those from other countries have an average

tariff of 58.6 percent.

ƒ Imports from the world’s 50 or so least-

developed nations have preferential tariffs.

Seventy-two different industrial products

and various agricultural imports from these

countries are exempt from tariffs.

Exports

ƒ Tariffs are levied on hazelnuts and

unprocessed leather.

Financing requirements for imports/

exports

ƒ None.

Prohibited items

ƒ Imports that are prohibited in accordance

with UN Security Council resolutions, such

as items deemed a threat to fauna and

flora and national security or those deemed

morally dubious.

ƒ Exports that are prohibited in accordance

with UN Security Council resolutions.

Exports of certain artworks and historically or

culturally valuable objects and antiquities are

also prohibited.

Turkey imports exports

Trade information

Key trading partners

Imports by origin

EU 37.9%

Russian

Federation 9.9%

China 9.0%

USA 6.7%

Iran 5.2%

Other 31.3%

Source: WTO, September 2012

Exports by destination

EU 47.0%

Iraq 6.2%

Russian

Federation 4.4%

USA 3.4%

United Arab

Emirates 2.7%

Other 36.3%