The United States has terminated Turkey’s preferential trade treatment, Reuters reports.
The privileged conditions allowed some American exports to enter Turkey duty free.
Along the termination the US also halved its tariffs on imports of Turkish steel to 25%.
The White House said on Thursday it was appropriate to terminate Turkey’s eligibility to participate in the Generalized System of Preferences (GSP) program, based on its level of economic development. The decision is effective May 17, it added.
Turkey was one of 120 countries that participate in the GSP, the oldest and larges...
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