Jordan imposes customs duties on Turkish imports | Business | Ammon News



Jordan imposes customs duties on Turkish imports


[11/24/2018 7:53:26 AM]

AMMONNEWS - Jordan imposed customs duties on Turkish imports on Thursday after ending a free trade agreement between the two countries earlier this year.

The Arab nation will now charge taxes ranging from between 20 percent and 30 percent on Turkish goods, Asharq Al-Awsat reported.

Jordan had cancelled the free trade deal with Turkey, signed in 2011, claiming that it harmed the nation’s industries by tipping the balance of trade in favour of Turkish firms. Jordanian companies had complained that the deal meant that they were unable to compete with Turkish products, which received subsidies from the authorities in Turkey.

Jordanian Minister of Industry, Trade and Supply Tariq al-Hammouri confirmed that the decision was final unless a new deal meeting both countries’ interests was put in place. Trade accords shouldn’t be implemented at the expense of the economy or domestic industries, he said.

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