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Turkish Import Levy Aids Domestic Producers
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2012-11-26
The Turkish Government has increased threshold levels below which fastener importers pay VAT and import duty in cash in order to have their goods released from the port.

Since 2009 the Turkish Government has applied a threshold CIF value for imported fasteners, which establishes the minimum value per tonne on which importers have to pay Valued Added Tax at 18 percent and the appropriate import duty for the particular country of origin in cash before goods are released from the port.
The regulation applies to imports from all countries, except those of the European Union with which Turkey has a reciprocal customs union agreement, although its primary effect and target is lower cost fasteners originating in China and elsewhere in Asia. The original regulation came into force as the result of a lobbying campaign by BESIAD, the Turkish fastener manufacturers’ association, led personally by its president Mustafa Tecdelioğlu, who is also chairman of Turkey’s second largest fastener manufacturer, Cetin Civata Fasteners.
The initial thresholds varied from US$2,750 to US$3,00 per tonne depending on the type and grade of fasteners – the breakdown is based on the international tariff code system. Now the Turkish Government has increased the thresholds apparently in response to a major influx of fasteners from China. In 2011 Chinese exports of fasteners to Turkey increased by 46 percent to 78,900 tonnes.
The CIF threshold value for stainless steel fasteners and high tensile carbon steel bolts has increased nearly 29 percent from US$3,500 per ton to US$4,500. For all other fasteners including screws, nuts, washers and some types of nails the threshold value has increased by more than 45 percent from US$2,750/t to US$4,000/t. The levies apply to import consignments weighing more than 2 tonnes.
Fastener + Fixing Magazine has talked with contacts in the Turkish fastener industry who report a rapid effect from the increased level of protection. Domestic producers have increased their selling prices in response to stronger demand and two producers have already invested to develop an estimated 2,000 tonne per month capacity for chipboard screws. Others are reported to be looking to invest in new machines to increase production capacity.
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2012-11-26
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