Euro
Arrow
55,6981
Dollar
Arrow
49,5793
Sterling
Arrow
66,3119
Gold
Arrow
6590,9188
BIST 100
Arrow
11.797
Home > Economy News > Coffee import tax eliminated: New regulation for 49 countries

Coffee import tax eliminated: New regulation for 49 countries

Customs duties on green coffee imports from least developed countries have been abolished, while tax rates for certain products from TPS-OIC countries have been redefined.

X Facebook WhatsApp Mail SUBSCRIBE Google News
Published: 06.05.2025 16:50 Updated: 06.05.2025 16:50
Coffee import tax eliminated: New regulation for 49 countries

With the new regulation published in the Official Gazette, significant changes have been made to the import regime. These changes cover imports from least developed countries (LDCs) and member countries of the Organization of Islamic Cooperation (OIC) (TPS-OIC).

According to the regulation, the 6% customs duty applied to green coffee imports from 49 LDCs, including Ethiopia, Togo, Yemen, Rwanda, and Laos, has been reduced to zero. This step aims to lower costs in coffee imports.

TAX REGULATIONS ON OTHER PRODUCTS

Customs duties on certain animal and vegetable food products imported from member countries of the Organization of Islamic Cooperation have been redefined between 0% and 25%. Additional financial obligations on products such as seafood and animal fats have been completely removed, and the additional burden on these products has been set to zero.

This decision, which will be implemented by the Ministry of Trade, entered into force as of May 6, 2025, and offers new opportunities for importers.


News Source: 12punto

Tags

coffee