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2019/05/16 23:39:47
The United States has concluded a preferential trade deal for Turkey under a program that allowed some Turkish exports to enter US territory without customs.
The White House said in a statement that the decision took effect from Friday (May 17th).
The US Trade Representative said in early March that Turkey no longer had the right to participate in the GSP because it was "economically advanced".
Turkey is one of the 120 participating countries in the Generalized Preferences System, the oldest and largest US preferential trade program.
The program aims to promote economic development in recipient countries by abolishing tariffs on thousands of products.
The White House said in a statement that the decision took effect from Friday (May 17th).
The US Trade Representative said in early March that Turkey no longer had the right to participate in the GSP because it was "economically advanced".
Turkey is one of the 120 participating countries in the Generalized Preferences System, the oldest and largest US preferential trade program.
The program aims to promote economic development in recipient countries by abolishing tariffs on thousands of products.
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