Turkey vows to press on with measures to curb imports
Turkish Trade Minister Ruhsar Pekcan said on Wednesday the government would continue to take steps to shield local producers from competition during the coronavirus outbreak, state-run Anadolu news agency reported.
"In order to protect our domestic producers and sectors from the pressure of cheap imports due to the excess stocks during the pandemic, we will continue to take measures regarding imports," Pekcan said.
Turkey on Tuesday imposed additional taxes between 2.3 percent and 45 percent on a wide range of industrial goods from cars to electronics, which will be in place through Sept. 30, according to a decree published in the Official Gazette.
"The measures unveiled so far are among the most far-reaching protectionist responses to the spreading crisis, which has already upended global supply lines," Bloomberg said.