The Strategist

Turkey imposes 130% duty on imports of wheat, barley and corn

04/26/2023 - 10:07

The tariff on imported wheat, barley, and corn amounted to 130% in Turkey.

According to Reuters, Turkey has slapped a 130% levy on imports of wheat, barley, and corn from all nations other than Bosnia and Herzegovina. The decision made by President Recep Tayyip Erdogan was made public in the national newspaper. The law will take effect on May 1, 2023.

The earlier judgment stated that imports of wheat, barley, rye, oats, corn, and sorghum into Turkey are duty-free up to and including April 30. In response to the coronavirus pandemic, Turkey decreased import taxes on grains and other agricultural items in late 2020, and then eliminated them in 2022, according to Reuters. May marks the start of Turkey's own harvest, the agency reported.

Along with the UN, Turkey participated in the grain deal with Russia and Ukraine. Ships transporting grain from Ukrainian ports are inspected by Turkey. The deal was prolonged by 60 days in the middle of March.