Ankara: Turkiye announced Monday the revocation of the additional customs duties it had imposed in 2018 on imports of certain US products, in a move that follows successful and effective trade negotiations, according to the Turkish Official Gazette.
President Recep Tayyip Erdogan signed the decree lifting the tariffs, which encompass 33 product categories, including passenger cars, fruits, rice, cosmetics, solid fuels, and chemical products.
This move is part of strengthening economic relations with the US, as efforts are ongoing to achieve a shared objective to elevate the volume of trade exchange between the two countries to USD 100 billion, the Turkish Ministry of Trade said.
Turkish customs duties were enacted in 2018 reciprocally in response to similar measures taken by US President Donald Trump during his first term.
The Turkish decision marks Erdogan's visit to the US, where he participates in the UNGA meetings in New York, and he is scheduled to meet President Trump.
The Turkish Official Gazette and the Ministry of Trade reported that, on the same day, Turkiye imposed additional customs duties ranging from 25% to 30% on imports of passenger cars from certain countries, while exempting imports from the European Union and nations with which it maintains free trade agreements.
