The Government of Turkey announced this Saturday that it will impose an additional 40% tariff on all cars with combustion engines or hybrids manufactured in China.
The measure aims to boost the participation of locally manufactured vehicles in the Turkish market and protect investments in the sector, the Turkish Ministry of Commerce said on the X social network.
The additional tariff represents el 40% of the value of the vehicle, with a minimum rate of $7,000 per unit.
The decision was published in the Official Gazette of the Turkish State and will take effect within 30 days.
The tax is announced just days after the visit this week of the Turkish Foreign Minister, Hakan Fidanto China.
Türkiye ranks 13th among the world’s car manufacturing countries.with 1.3 million units in 2022, of which about 800,000 were cars, most of them models under license from large European brands, and 500,000 commercial vehicles, according to the Efe agency.
80% of the cars manufactured are exported and the sector represents 13% of all Turkish exports and 5.5% of the gross domestic product (GDP) of the Eurasian country.
