Taipei, Taiwan will submit a formal statement to the government of Turkey, voicing concern and asking for exemption from that country's recent increase in tariffs on a range of imports, the Bureau of Foreign Trade (BOFT) said Sunday.
The tariff hikes of up to 25 percent on some 78 categories of imports will adversely affect Taiwan, along with China, the United States, Japan and others countries because they do not have bilateral free trade agreements with Turkey, Lin Ching-nan (???), a BOFT section chief told CNA.
On March 28, Turkey announced a decision to levy "additional customs duties" of up to 25 percent on 78 imported products with immediate effect, according to the BOFT.
In particular, the new tariffs will adversely affect exports from Taiwan's manufacturing sector, Lin said.
The BOFT, therefore, will submit a statement to the Turkish government via the Taipei Economic and Cultural Office in Ankara, saying that the "additional customs duties" will create unfair competition for Taiwan industries and asking for an exemption for Taiwan, Lin said.
It is the eighth time in two years that Turkey has significantly increased tariffs on a range of goods entering its market, according to the BOFT.
The new tariffs do not apply to imports from member states of the European Free Trade Association or the European Union, or from South Korea, Malaysia and Singapore, since Turkey has free trade agreements with those countries, the bureau said.
Trade between Taiwan and Turkey totaled US$1.827 billion last year, with Turkey importing US$1.56 billion worth of goods from Taiwan, while Taiwan's imports from Turkey totaled US$267.44 million, the trade bureau said.
It said US$11.34 million worth of the imports from Taiwan last year was in the category of the 78 products that are now subject to higher tariffs.
Source: Focus Taiwan News Channel