Turkey Plans to Impose Commercial Dumping Tariffs on Giant US Companies

  • 6/9/2018
  • 00:00
  • 8
  • 0
  • 0
news-picture

The Turkish government has announced its intention to impose commercial dumping duties on giant US companies that cause unfair competition and receive substantial subsidies from the state. This is in a new step to respond to the imposition of additional tariffs by the United States on steel and aluminum imports from a number of countries, including Turkey. In remarks during his visit to the Denizli State Agriculture Chamber in the west of the country, Economy Minister Nihat Zeybekci stressed that Turkey is considering imposing commercial dumping duties on these companies. He said large US firms receive major support from the government. "We are working on the process of beginning anti-dumping investigations against these companies," he said. Commercial dumping is a state of discrimination in the pricing of a product. It takes place when a product is sold in the market of an importing country at a price lower than that of its sale in the exporting country or constitutes competition for a similar domestic product. Zeybekci said Turkey was continuing to take action to counter the US decision to impose tariffs on its steel and aluminum imports. He added that Ankara has made some decisions regarding the import of products, such as soy, cotton, almonds, walnuts and rice, from the United States. Zeybekci stressed his country’s determination to tighten measures against US products, saying further measures could be taken in the coming days. After holding government consultations, his ministry will announce the names of US products and companies that are causing unfair competition. Turkey’s goal from imposing measures on US products and companies is aimed at pushing Washington to back down from its new tariffs, Zeybekci explained, adding that Ankara also wants to increase the volume of bilateral trade with Washington. The United States has recently imposed a 25 percent tariffs on imported steel products and 10 percent tariffs on imported aluminum products. Washington then granted temporary exemptions to the European Union, Canada and Mexico, which expired on June 1. Turkey responded by imposing additional duties on a number of US goods, including coal, paper, nuts, almonds, tobacco, rice, automobiles, cosmetics, machinery and equipment and petrochemical products.

مشاركة :