At least 51 percent locality sought for domestic goods
Erdinç ÇELİKKAN ANKARA
The Science, Technology and Industry Ministry plans to seek 51 percent minimum local content ratio in industrial goods to label them as domestic.The Turkish government is planning to bring a 51 percent local content requirement for indigenous industrial products as part of a new regulation designated to encourage national production.
The industrials products are required to have at least 51 percent local content ratio, while middle and high technology products will be sought to have a minimum 35 percent of local content, in order to be called domestic good.
According to the Domestic Good Communique Draft prepared by the Science, Industry and Technology Ministry, in addition to consisting of 51 or 35 percent local content, an industrial good needs to be manufactured by a company that has an Industry Registry Certificate and an important portion of its production should be done in Turkey in order to be called a domestic good.