For companies engaged in international trade, understanding the specific requirements and regulations of the target market is key to success. Turkey, a country across Eurasia, its unique geographical location and cultural background makes it an important target market for many foreign trade companies. However, the process of importing and exporting Turkey is not just a matter of collection, but also a lot of customs policy and export details that require in-depth understanding and attention.
The importance of collecting
When trading with Turkey, currency collection is a link that cannot be overlooked. Given the characteristics of the higher domestic deposit interest rate in Turkey, Turkish traders tend to be discarded or discharged, i.e. to provide a period of accounting or to press a batch of money. When dealing with such transactions, it is important to be careful about the empty checks that Turkish traders may offer. If there is a case of delayed non-payment, legal proceedings can be initiated directly with the empty checks of the bank. In addition, avoid accepting currencies with personal property as a mortgage, because such operations are extremely risky.
The safest form of payment is the instant credit, which is one of the safest forms of payment in international trade. The instant credit, that is, the credit card for instant payments, allows you to collect money with instant bills or documents with less risk, and is also a preferred operating mode for banks. When dealing with Turkish traders, even sacrificing some price, you should try to use instant credit as a method of payment.
Importance of Turkish Customs Policy
Understanding and complying with the customs policy of Turkey is critical to preventing goods from being seized and avoid unnecessary losses.
Handling of non-main goods:If the goods are stored in customs for more than 4 months, the customs has the right to consider them as non-primary goods and to be auctioned. Therefore, it is necessary to pay attention to this time node to avoid losses caused by delays.
Provisions for the return or transfer of goods:After the goods arrive at the port, if they are to be returned or transferred, there must be a formal "rejection notice" issued by the recipient.
Priority of goods being auctioned:If the goods are auctioned by customs, the original importer has the right to purchase priority.Aware that some illegal enterprises may use this provision to operate and delay the time to purchase the goods at a lower price.
Customs clearance period:The clearance period for shipping goods shall be within 45 days from the date of submission of the customs declaration; for other means of transport goods within 20 days.
Clearing documents include:
? Listed
? Boxes
? invoices
Certificate of Origin (CO or Form A)
Importance of exports to Turkey
When exporting to Turkey, the following must be taken into account:
Imports of specific products:Weapons, hazardous materials, etc. can only be imported by authorized agencies or require government approval.
Special requirements for food and agricultural products:Imports of such products require an import license and a phytosanitary certificate.
Health certificates for plant and animal products:Plants, seeds, living animals and animal products require special health certificates.
Imports of precious metals or stones:Precious metals such as gold and platinum can only be imported by members of the precious metal exchange operated by the Istanbul Stock Exchange.
As stated above, when trading with Turkey, foreign trade enterprises and freight companies must pay attention to the issue of exchange, understand and abide by Turkey’s customs policy, and pay attention to the special requirements of exports to the country.