The new regulation of the Ministry of Commerce, which removes bureaucratic obstacles and includes tax reductions in the import of raw materials and spare parts needed in toy production, was described by domestic manufacturers as "the beginning of a new era focused on production and exports in the sector".
According to the information compiled by the AA correspondent, with the regulation made by the Ministry, within the scope of the "Toy Safety Regulation", the list and application principles of the products subject to import control have been updated.
Accordingly, while the parts and spare parts used in production were excluded from the scope of surveillance application, the Additional Customs Duty (IGV) applied on these products was reduced to 15 percent. In addition, the products in question were excluded from the scope of Risk-Based Control System in Foreign Trade (TAREKS) Product Safety Audit.
The regulation aims to reduce bureaucratic processes and alleviate the cost burden in the import of raw materials, components and parts needed especially in the domestic production line.
"The competitiveness of the sector will increase significantly"
Ender Mıcık, Chairman of the Board of Directors of the Toy and Sporting Goods Industrialists and Exporters Association (OYSİD), said in his statement on the subject that this step is a historical decision that will support production and exports in the toy industry.
Mıcık stated that the amendment provides convenience in three basic areas and said, "The regulation will reduce the costs of our domestic toy industrialists, especially those engaged in value-added production, accelerate the production processes and significantly increase the international competitiveness of the sector." he said.
Referring to the foreign trade data of the toy industry, Mıcık pointed out that the sector has an annual current account deficit of around 350 million dollars, with an import volume of approximately 400 million dollars and an export volume of 60 million dollars.
Mıcık pointed out that this new step has strategic importance and said, "We believe that the decision will pave the way for the strengthening of domestic production, the increase in value-added toy production, the decrease in imports and the increase in exports." he said.
Pointing out that despite these facilities provided to manufacturers, policies on finished (final) toy imports continue in order to protect domestic producers, Mıcık stated that there has been no increase regarding the 25 percent Additional Customs Tax applied to final toy imports, and the current practice continues as it is.
Mıcık stated that the Ministry has a solution-oriented approach to the demands of the sector and noted that the regulation is a result of this and that it will be the beginning of a new era focused on production and exports in Türkiye's toy industry.