Ukraine may completely stop the export of confectionery products to Turkey

Aug 18 2020 published c Uncategorized, Activity, earnings, news


Ukraine against the background of the introduction by Turkey of an additional duty on the import of confectionery products in the amount of 15% to 20% can stop the export of confectionery products to this country and lose from this $15 million per year, said the head of the association “Ukrkondprom” Alexander Baldınyuk.
“Ukrkondprom” sent a letter to the Ministry of Economic Development, trade and agriculture addressed to the Deputy Minister, Trade Representative of Ukraine Taras Kachka, in which he announced that, that Turkey's decision to impose an additional duty will lead to the termination of Ukrainian confectionery exports to Turkey. Ukraine's losses can reach $15 million. We expect a response from our state to the said decision of Turkey”, – he said in a comment to the agency “Interfax-Ukraine”.
The head of the association noted, that Ukraine, upon joining the WTO, signed a bilateral protocol with Turkey on mutual access to the market on unequal conditions for the trade in sweets.
“Ukraine has agreed to apply duties in the amount of 5 to 15% depending on the group of goods, while Turkey imposes a duty on similar Ukrainian goods at the level 35-45%, moreover, the country charges quite complex duties for calculating - in addition to ad valorem and specific duties, an additional duty on agricultural components is also applied. But despite the fact, that Turkey is imposing much higher duties on us, we have a parity turnover”, – explained Baldynyuk.
The full text of the article can be found at the link: https://interfax.com.ua/news/economic/681705.html

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