Date: 5 months ago   Category: Economy

Turkey has doubled trade duties on 22 types of the American goods - RIA Novosti, 8/15/2018


ANKARA, 15 Aug — RIA Novosti, Alyona Palazhchenko. Turkey has doubled duties on import to the country of 22 types of the American goods, the minister of trade of Turkey Rukhsar Pekdzhan.© of AP Photo/Pool Expert has said I called the reasons of crisis in the Turkish economy "the Total amount of increase in duties was 533 million dollars (in terms of a year. — Editor's note) " — she has told. The minister called the USA important, but not the only trade partner, and has added that Turkey has an access to the alternative markets. Lately the Turkish lira updates historical minima to dollar and euro. Since the beginning of year it has depreciated in relation to these currencies more than for 40%. Crisis has escalated on Friday when the U.S. President Donald Trump has approved double increase in duties on aluminum and steel from Turkey — to 20% and 50% respectively. © Vitaly Podvitsky the Wall on a wall On Monday the Turkish Central Bank declared that he will provide to local banks all necessary liquidity at the expense of reserves. As a result lira exchange rate has stopped falling to dollar.© RIA Novosti / Alyona Palazhchenko the Expert has estimated strain of relations between the USA and to Turtsiyeykroma of that, tension of two countries was fueled because of business of the American pastor Andrew Branson detained by the Turkish authorities in 2016. At the beginning of August the Ministry of Finance of the USA has imposed sanctions against the Minister of Justice of Turkey Abdulakhmit Gül and the Interior Minister Suleiman Soylu, having accused them of "serious violations of human rights". The day before Turkey has declared boycott to the American electronic goods. Also the authorities of the country have promised to refuse use of the American building materials. The president Recep Tayyip Erdogan has said that now against the country "the economic attack is conducted". On Wednesday the Turkish leader announced additional duties on tobacco, alcohol, cars, cosmetics, rice and fruit. As the president's press secretary Ibrahim Kalyn has noted, Washington the actions has brought the relations with Ankara almost to a complete separation. Besides, according to him, Turkey discusses transition in trade to national currencies with Russia, China and other countries.

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