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Sunday, 12 January 2020

Nissan and Toyota seek customs exemption on imported components

Nissan and Toyota have requested that the government exempt them from paying customs duties on imported production parts, according to the local press. In a letter to the prime minister, the Japanese carmakers asked that they receive the same benefits provided to other companies from other countries by trade agreements. The Customs Authority last week began applying the 0% customs rate on imported Turkish cars as stipulated in the Egypt-Turkey Free Trade Agreement. Customs exemptions have been controversial among local auto companies, which have complained that they are unable to compete with the imported European vehicles.

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