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ARTICLE · 25 APRIL 2023

The Market For Refurbished Products Is Expanding

Baysal & Demir
Baysal & Demir
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Baysal & Demir

Baysal & Demir

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One of the major markets in need of environmental regulation is the electronic devices market, known for its fast-paced changes and constant evolution.

TurkeyInternational Law

As part of the Customs Union and trade integration efforts with the EU, the Ministry of Trade took an important step towards the expansion of the refurbished products market in Turkey. The "Regulation Amending the Regulation on the Sale of Refurbished Products", which entered into force on April 18, 2023, expanded the scope of electronic devices that can be refurbished and introduced new provisions on refurbishment centres.

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One of the major markets in need of environmental regulation is the electronic devices market, known for its fast-paced changes and constant evolution. In this context, the European Union adopted the New Circular Economy Action Plan in 2020 and emphasized the importance of moving towards a "circular economy". Circular economy involves minimizing waste by recycling materials and resources and reintegrating them into the product cycle after use.

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