Turkey Lifts Additional Tariffs on Chinese Cars

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2024-07-08

On July 5, according to the global network, Turkey announced the cancellation of the previous plan to impose an additional 40% tariff on all Chinese imported cars, and said that automobile manufacturers who invest in the country to build factories will enjoy investment incentive policies, only for imported cars to retain the original 10% tariff, no need to pay additional tariffs. The lifting of trade restrictions aims to encourage Chinese car companies to build factories in the country, and also helps Chinese car companies to explore the European market through Turkey.

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