Business · Trade · 6 hrs ago

AHKİB chair calls for urgent changes to exporters’ currency support

AHKİB chair calls for urgent changes to exporters’ currency support

Aytek, chair of AHKİB, says recent changes have weakened currency support for exporters.

The scheme is intended to ease exporters’ financing costs and help them stay competitive.

Aytek says the value-added calculation can prevent labor-intensive businesses from qualifying, and wants it changed so support is based on value created.

He also wants the deadline for proving foreign-currency positions extended from 15 days to three months.

Aytek says rules should clearly confirm that declarations under the 3151 inward-processing permit qualify, and that exporters can again choose to promise not to buy foreign currency.

He argues these changes would let more firms use the support as exporters struggle to absorb rising costs they cannot pass on to international customers.

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What people are saying

AytekAHKİB chair
The October 1 regulation has moved foreign-currency conversion support away from being an effective mechanism that benefits exporters.
via Dünya
While our exporters expect additional support, they face the risk of being unable to benefit even from the existing support.
via Dünya
The implementation should be clarified so there is no room for interpretation. It should be clearly stated that declarations under code 3151 are covered by the support.
via Dünya