Trade Ministry

The government has announced a 20 percent additional charge for some gold and jewelry imports, apparently in an attempt to help efforts to reduce the current account deficit.

A new period of dialogue has begun between Türkiye and the European Union on trade, the Trade Ministry has said, following a virtual meeting with Trade Minister Ömer Bolat and Valdis Dombrovskis, the vice president of the European Commission.

In a recent operation, Turkish authorities seized 22 Pomeranian dogs being smuggled into the country through the Edirne Kapkule Border Gate.

The Trade Ministry will support local firms with an aim to increase the share of e-exports in the country's total exports from 1.5 percent to 10 percent.

Türkiye's exports were $20.9 billion in June with a 10.5 percent decrease and imports were $26.6 billion with a 17.5 percent decrease compared with June 2022, official data has showed on July 28.

The number of expatriates entering Türkiye via its northwestern border gates has reached 1.3 million in the past month, accompanied by 323,600 vehicles, according to data released by the Trade Ministry.

A total of 369 companies, including supermarkets, e-commerce platforms and automotive firms, have been fined 152.8 million Turkish Liras ($5.67 million) in the first six months of 2023 over exorbitant price increases, the Trade Ministry has said.

A new regulation that puts a cap on the prices of secondhand cars traded on online platforms have been published in the Official Gazette.

The regulation stipulated that the prices of secondhand cars cannot exceed that of new cars, the Trade Ministry said in a statement.

Türkiye's foreign trade volume in Turkish Lira has increased by 129 percent in the January-June period to 349.5 billion liras data showed from the Trade Ministry.

Exports in the local currency amounted to 94.6 billion liras in the first half of this year, while the figure was 254.9 billion liras for imports.

Turkish contractors were awarded a total of 110 projects worth $7.5 billion abroad in the first six months this year, the Trade Ministry has said.

This marked a 63 percent increase compared with the January-June period of 2022.

The average size of the contracts awarded to Turkish contractors in foreign countries was $68.1 billion, data from the ministry showed.