Turkey's Trade Ministry scraps import duties on more fertilizers
Fertilizer import procurement teams gain zero customs duty on covered shipments
Change
Turkey's Trade Ministry expanded a customs-duty exemption to eliminate tariffs on additional fertilizer imports, extending the zero-duty treatment that applied to urea under a March 7 presidential decree.
Why it matters
The Trade Ministry said the exemption is intended to prevent speculative price fluctuations stemming from Middle East supply disruptions. Natural gas is a core feedstock for nitrogen fertilizers such as urea, so higher gas prices and shipping disruptions raise fertilizer production costs and farm input prices.
Implications
- — Customs clearance teams and customs brokers in Turkey must update import declarations and tariff classifications immediately to reflect the expanded zero-duty exemption — consignments filed under outdated codes risk being assessed the prior duty and require post-clearance correction.
- — Procurement teams at Turkish fertilizer importers and agricultural buyers must recalculate landed costs and pricing immediately for pending and planned shipments — failure risks overpaying duties or misbudgeting purchases.
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Source
View on Turkish Minute