On 3 March 2023, Turkey issued a decision on amending additional duties on imported products, imposing an additional duty of 40% on imports of goods originating in the People's Republic of China (HS code: 8703.80.10.11 and 8703.80.10.19) and 10% on other countries. This decision shall take effect as of the date of promulgation.

The decision shows that Turkey is trying to protect its domestic electric vehicle industry. The decision comes at a time when the global electric vehicle market is growing and China has become a major player in electric vehicle manufacturing. However, the tariff could make Chinese-made electric cars more expensive in the Turkish market, which could create competition for local manufacturers. The move could also be seen as an attempt to reduce Turkey's trade deficit with China, which has also been a concern for the Turkish government for some time. Overall, this decision will clearly have an impact on the Turkish electric vehicle market and will lead to changes in the competitive landscape of the industry.

Turkey can manufacture 1.5m cars a year, 70 to 80 per cent of which are exported abroad, mainly to Europe. As a result, the EU is Turkey's main overseas car market and has a customs union trade agreement with Turkey. Turkey is following Europe's carbon-free plan to become a hub for electric car production and, as a result, boost its industrial competitiveness.

On the other hand, it also reflects the continuous enhancement of China's intellectual manufacturing strength and competitiveness. In terms of the main achievements of new energy vehicles, in the past 10 years, China's new energy vehicles have achieved rapid development, and China has become a global power of new energy vehicles. In 2022, China's auto exports exceeded 3 million units. In January 2023, China's automobile export continues to develop well. Among them, 83,000 new energy vehicles were exported, up 48.2 percent year on year.

Shenzhen Xunlaitong specializes in shipping export from Shenzhen to Australia & New Zealand, Germany, Netherlands and more business

m.phper.net.cn