The government’s imposition of additional taxes on the imports of more than 4,000 products, and Minister Albayrak’s words, “Import will not be easy,” sparked a debate in the economic world. According to experts, the main purpose of preventing the currency exit from Turkey.
Turkey’s economy is experiencing heavy losses due to the outbreak of coronavirus exports and tourism. While exports decreased by 40 percent in April, 2020 is considered as a “lost year” in tourism.
No domestic production policy
According to economists, behind the government’s tax drive to imports is to increase the falling revenues and prevent foreign currency outflow from the country rather than encouraging domestic production.
Albayrak: Import will not be easy
Treasury and Finance Minister Berat Albayrak, Turkey Chambers and Stock Exchanges Union of Chambers and Commodity Exchanges heads connected with wires to perform the conference, said it aims to support the domestic production of a new tax on imports.