Turkish newspaper Hurriyet, owned by Turkish President Recep Tayyip Erdogan, revealed that the chairman of the board of directors of the Association of Businessmen of the Vidmirta Organized Industrial Zone in Bursa Demirtas Nilfer evikal is concerned about the boycott popular Saudi Arabian and Moroccan boycott of taxes imposed by Morocco on 1,200 Turkish products, and said: It will hurt in the long run. She added, after calls to boycott Turkish products, Morocco issued a statement announcing the imposition of additional taxes of 90% on 1,200 Turkish products. The president of the board of directors of the Association of businessmen commented on this subject, explaining that the current events are worrying and harmful to the economy. The president of the association spoke about the economic links with Morocco , as Cevikal said: Additional taxes will be imposed in Morocco on goods imported from Turkey, including textiles, clothing, leather, cars, metals, wood and electrical materials. Saudi Arabia now refuses to deal with the Turkish market.
According to figures released by the Turkish Exporters Council, the value of exports to Saudi Arabia amounted to $ 3.2 billion in 2019, and $ 159 million of that figure went to the city of Bursa. The value of exports to Morocco also reached $ 2.2 billion in 2019, and Bursas’ share of that number was $ 416 million. The economic volume that has been achieved with the two countries is not a figure that can be easily risked, she said.
Association president Cevikal stressed that the boycott and the imposition of additional taxes would expose manufacturers to serious damage, especially with the economic problems that Turkey and other countries are suffering from the outbreak of the pandemic.
In the business world, if you produce as much as you can and can’t find a market to sell your products, you will run into problems, that would be imperfect behavior, she added. Practices detrimental to Turkey such as the cancellation of flights and the dismissal of Turkish employees must be addressed.
The Chairman of the Board of Directors of the Turkish Association of Home Textile Manufacturers and Businessmen Hassan Hussein Bayram reiterated the same concerns, saying that the boycott of Turkish products from the Saudis, as well as the enforcement of an increase in taxes targeting more than 1,200 Turkish products by officials in Morocco, would hurt Turkey.
Bayram pointed out that the call by the Chairman of the Council of Saudi Chambers of Commerce and Chairman of the Board of Directors of the Riyadh Chamber of Commerce and Industry Ajlan Al-Ajlan to boycott Turkish products, and the increase taxes imposed by Morocco on 1,200 Turkish products are also very bad decisions. Bayram explained that textiles made up about half of Turkey’s total exports to Morocco, which amounted to $ 2.2 billion last year. He added that the tax rates, which have been applied gradually, have been gradually increased after their 0% rate last year. Finally, we learned that efforts had been made to increase this rate to 27%. In the event that these practices continue, layoffs will begin and therefore unemployment will increase with the withdrawal of Turkish companies operating in the region, in addition to the deterioration of friendly and commercial relations between the two countries.
The leader of the Turkish Entrepreneurs Union, Medhat Yeni Gon, has confirmed in previous statements that Turkey’s bad reputation has cast a shadow over the sector through huge losses suffered by Turkish entrepreneurs.
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