Important subsidies for Turkish exports

With the Russian embargo on Turkish products since the fall of the Russian plane, exporters are looking for new markets to try to compensate the loss of their No. 1 buyer.

To support the economy, the Turkish government just passed a law article published in the Turkish Official Gazette, which applies to agricultural products in order to increase their competitiveness and export potential, retroactively from January, 1 2016.

Thus, the subsidy per tonne is 160 Turkish liras for vegetables, 720 TL for dried fruit, 165 TL for fruit and canned fruit, 165 TL for frozen fruits and vegetables, 485 TL for canned fish 235 TL for chocolate products, 130 TL for pasta, 235 TL for biscuits, cakes and wafers, 30 TL for olive oil, 125 TL for jams and marmalades, 130 TL for honey, 320 TL for fruit juice, 380 TL for chicken meat, 485 TL for products made of chicken meat and 35 TL per lot of 1,000 eggs. (1 euro = 3.28 TL).

The subsidies are not awarded in cash but against fee receipts (electricity, social security premiums, factory expenses, etc.)

Source : www.milliyet.com.tr