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Expert: Turkey’s exports affected little by new U.S. move

Business

2019-03-05 22:44

The U.S. intends to move India and news.cn/en/tag/i0xafcccd41229ff79edcf/index.html" target="_blank">Turkey out of a program under which a group of developing countries receives preferential news.cn/en/tag/i0xacfdfb5e95912e30308/index.html" target="_blank">trade treatment. Dr. Harun Ozturkler, a professor from Kırıkkale University said that news.cn/en/tag/i0xngaj3163f76200c981b/index.html" target="_blank">new U.S. change went against the goal of improving U.S.-news.cn/en/tag/i0xafcccd41229ff79edcf/index.html" target="_blank">Turkey news.cn/en/tag/i0xacfdfb5e95912e30308/index.html" target="_blank">trade relations but has little impact on news.cn/en/tag/i0xafcccd41229ff79edcf/index.html" target="_blank">Turkey's export.

According to a statement issued by the U.S. news.cn/en/tag/i0xacfdfb5e95912e30308/index.html" target="_blank">trade Representative's (USTR) office Monday, Ankara has achieved a "higher level of economic development". And the USTR's office cited "an increase in Gross National Income (GNI) per capita, declining poverty rates, and export diversification" as evidence.

“This could not be the news.cn/en/tag/i0xngaj3163f76200c981b/index.html" target="_blank">new news.cn/en/tag/i0xngaj3163f76200c981b/index.html" target="_blank">news (for us),” he said, adding that U.S. and news.cn/en/tag/i0xafcccd41229ff79edcf/index.html" target="_blank">Turkey agreed to a news.cn/en/tag/i0xngaj3163f76200c981b/index.html" target="_blank">new target last February, which aimed to increase the bilateral news.cn/en/tag/i0xacfdfb5e95912e30308/index.html" target="_blank">trade volume from the current 20 billion U.S. dollars to 35 billion U.S. dollars. Therefore, Washington's latest action “contradicted the target”,he claimed.

Meanwhile, he indicated that news.cn/en/tag/i0xafcccd41229ff79edcf/index.html" target="_blank">Turkey only accounted for 8.2 percent of the total Generalized System of Preferences (GSP) program – about 20.1 billion U.S. dollars. And news.cn/en/tag/i0xafcccd41229ff79edcf/index.html" target="_blank">Turkey's exports to the U.S. through this program were less than 1 percent of news.cn/en/tag/i0xafcccd41229ff79edcf/index.html" target="_blank">Turkey's total export. He acknowledged that SMEs might be influenced negatively; in the meantime, he projected that the pending move from the U.S. side would have little impact on news.cn/en/tag/i0xafcccd41229ff79edcf/index.html" target="_blank">Turkey's export.

“So that's not going to be a huge impact on news.cn/en/tag/i0xafcccd41229ff79edcf/index.html" target="_blank">Turkey's export,” he told CGTN.

The USTR's office said that these changes may not take effect until at least 60 days after the notifications to Congress and the governments of India and news.cn/en/tag/i0xafcccd41229ff79edcf/index.html" target="_blank">Turkey, and will be enacted by a Presidential Proclamation.