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TURKISH CABINET TO APPROVE SUSPENSION OF FREE TRADE AGREEMENT WITH SYRIA
PanARMENIAN.Net
December 9, 2011 - 15:07 AMT
PanARMENIAN.Net - Turkey's customs and trade minister says the Cabinet
is expected to approve the suspension of a free trade agreement with
Syria in retaliation for a similar move by Damascus.
Hayati Yazici said Friday, December 9, that Syria has unilaterally
suspended the 2008 agreement, which wiped out taxes on most goods.
Authorities say the suspension of the deal will lead to taxes of up
to 30 percent on some goods.
Yazici also says Turkey is planning to encourage trucks to favor
Iraqi and Jordanian routes for delivering goods to the Middle East
because of deteriorating relations with neighboring Syria over its
crackdown on the country's nine-month old uprising.
He says cargo ships are also planned to bypass Syria, running between
Turkey's Mediterranean port of Iskenderun and some Red Sea ports in
line with sanctions against Syria, The Associated Press reported.
PanARMENIAN.Net
December 9, 2011 - 15:07 AMT
PanARMENIAN.Net - Turkey's customs and trade minister says the Cabinet
is expected to approve the suspension of a free trade agreement with
Syria in retaliation for a similar move by Damascus.
Hayati Yazici said Friday, December 9, that Syria has unilaterally
suspended the 2008 agreement, which wiped out taxes on most goods.
Authorities say the suspension of the deal will lead to taxes of up
to 30 percent on some goods.
Yazici also says Turkey is planning to encourage trucks to favor
Iraqi and Jordanian routes for delivering goods to the Middle East
because of deteriorating relations with neighboring Syria over its
crackdown on the country's nine-month old uprising.
He says cargo ships are also planned to bypass Syria, running between
Turkey's Mediterranean port of Iskenderun and some Red Sea ports in
line with sanctions against Syria, The Associated Press reported.