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08 Jul
15:54

Duty spurs Chinese auto investment in Turkey: reports

The Turkish government's imposition of a 40% customs duty on Chinese vehicle imports in June, aimed at encouraging investments in local production, has resulted in Chinese manufacturers announcing investments in Turkey, according to media reports. On 5 July, a presidential decision published in the Official Gazette announced that Chinese auto imports made with investment incentives will be exempt from additional financial liabilities. Previously, a 40% customs…
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