Ukraine may completely stop exporting confectionery 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 imports of confectionery products in the amount of 15% before 20% may stop exporting confectionery to this country and lose because of it $ 15 million per year, said the president of the Association “Ukrkondprom” Oleksandr Baldyniuk.
Association “Ukrkondprom” sent a letter to the Ministry of Economic Development, of Trade and Agriculture of Ukraine to the Deputy Minister, Trade Representative of Ukraine Taras Kachka, in which it was reported, that Turkey's decision to impose additional duties will lead to the cessation of Ukrainian confectionery exports to Turkey. Ukraine's losses may reach $ 15 million. We are waiting for a response from our state to this decision of Turkey “, – said Alexander Baldynyuk in a comment to the agency” Interfax-Ukraine “.
The President of the Association noted, that Ukraine, upon accession to the WTO, signed a bilateral protocol with Turkey on mutual market access on unequal terms in the trade in sweets.
“Ukraine has agreed to apply duties on Turkish confectionery in the amount of 5 before 15% depending on the product group, while similar Ukrainian goods are taxed at the same level by Turkey 35-45%, moreover, the country collects quite complex to calculate duties – in addition to cost and specific duties, an additional duty on agricultural components is also applied. But despite the fact, that Turkey imposes much higher duties on us, we have a parity trade turnover “, – explained Alexander Baldinyuk.
The full text of the article can be found at the link:https://interfax.com.ua/news/economic/681705.html

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