Arab Today, arab today turkey imposes extra tax on some textile imports
Last Updated : GMT 16:02:54
Arab Today, arab today
Arab Today, arab today

Turkey imposes extra tax on some textile imports

Arab Today, arab today

Arab Today, arab today Turkey imposes extra tax on some textile imports

Istanbul - Arabstoday

Turkey is imposing an additional customs tax on some non-EU imports of textiles and readywear garments in a move affecting some $3 billion of imports, the country’s Economy Ministry said. Turkish-produced goods and those from European Union countries will be excluded from the collateral-based tax, which went into effect from on Friday. Turkey’s economic growth was close to zero quarter-on-quarter in the second three months of 2011, central bank governor Erdem Basci said, adding import growth had halted and non-energy imports began falling from April. The central bank, which is battling to curb Turkey’s record current account deficit and slow an economy many analysts fear is close to overheating, says the measures it introduced are working. “We anticipate growth close to zero in the second quarter compared with the first,” Basci told a conference at Pamukkale University in the western Turkish city of Denizli. Turkey’s economy grew an annual 11 per cent in the first quarter, and 1.4 per cent on a seasonally adjusted quarterly basis. The bank says the rate of growth is slowing and on Thursday held its policy rate at a record low of 6.25 per cent, even signalling that it might loosen policy if debt crises in the euro zone and United States worsened. “There is nothing to worry about excessively. We are watching the situation carefully. We have made preparations for various scenarios,” Basci said. A crisis in the euro zone did not look as close after on Thursday’s decisions by European leaders on a rescue package for Greece, he added. Turning to Turkey’s external shortfalls he said it would be beneficial if the public and private sector did not have open positions. The current account deficit would start to improve from the fourth quarter, Basci said, adding that import growth had halted and exports would start to make a positive contribution to growth. The Turkish lira plumbed new lows on Friday due to investors concerns over a widening current account deficit and the central bank’s dovish stance. The share market also fell, but bonds gained on the prospect of interest rates being held down for the rest of the year. From / Gulf News

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today turkey imposes extra tax on some textile imports Arab Today, arab today turkey imposes extra tax on some textile imports

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU

GMT 16:23 2017 Sunday ,19 February

Global energy news

GMT 16:05 2017 Sunday ,19 February

Trudeau calls for wider social benefit from economy

GMT 05:57 2017 Sunday ,19 February

How do you say déjà vu in Greek?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday