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ARTICLE · 13 FEBRUARY 2018

Turkey Establishes Board To Reduce Import Dependency And Extend Competitive Industrial Power

Moroglu Arseven
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Circular number 2018/1 was published in Official Gazette number 30311 on 24 January 2018.

TurkeyGovernment, Public Sector
Moroğlu Arseven
Moroğlu Arseven
Sevi İslamageç
Sevi İslamageç
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Turkey has established an Executive Board on Localization ("Board") to carry out projects which reduce import dependency and extend the country's competitive industrial power. The Board's aim is to develop Turkey's domestic industry, integrated with international markets, as well as to increase the share of medium-high and high-tech products in industry and exports.

The Deputy Prime Minister in charge of the economy will lead the Board. Permanent Board members will be:

  • Science, Industry and Technology Minister.
  • Economy Minister.
  • Customs and Commerce Minister.
  • Development and Finance Minister.

Circular number 2018/1 was published in Official Gazette number 30311 on 24 January 2018. Please see this link for the full text (only available in Turkish).

Information first published in the  MA | Gazette, a fortnightly legal update newsletter produced by Moroğlu Arseven.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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