Economic Incentives For The Power Plants Using Domestic Coal

Recently "Decision on Putting Supplementary Financial Obligations on Coal Imports" was promulgated by the Cabinet of Republic of Turkey. Aim and framework were indicated in the first article of the Decision as, "implementing supplementary financial obligations against specific goods in order to regulate external trade to the advantage of the economy of the country."

The specific goods mentioned in the first paragraph were shown in a chart placed in the annex, with the HS Code of 2701.12.90.00.00 and a product definition of "other goods except the ones that are not used to generate electricity." On the chart the amount of supplementary financial obligation which will be imposed on coal was indicated as US$15 per ton; the countries of origin of the goods, which will be subject to this implementation of supplementary obligation, were listed as: the European Union member states, European Free Trade Association member states, Israel, Macedonia, Bosnia and Herzegovina,