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Turkey scraps tariffs on some US imports

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Turkey has lifted tariffs on certain US imports, including alcoholic drinks, cars, tobacco and cosmetics, the trade ministry said on Monday.

Turkey placed additional duties on a range of US-origin products under World Trade Organisation (WTO) rules in response to US tariffs imposed in 2018 on imports of steel and aluminium.

“At this stage, as a result of the positively progressing negotiations with the United States and the consultations held within the framework of the WTO dispute settlement mechanism, including panel reports, the additional financial obligations applied to the import of certain US-origin products have been terminated,” the ministry said in a statement.

It added that economic ties remain a pillar of the Turkey-US relationship, with the two countries pursuing a target of $100 billion in bilateral trade.

Ankara’s move comes ahead of a meeting on Thursday between Turkish President Recep Tayyip Erdogan and his US counterpart Donald Trump at the White House.

The two leaders are to participate in the UN General Assembly in New York this week.

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AFP

Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.

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