Union of Chambers and Commodity Exchanges of Turkey

Free Zones Council gives consensus on application of payments in TRY in Free Zones

01.08.2017 / Ankara

TOBB Turkey Free Zones Council meeting, chaired by Council Chairman Edvar Mum, took place with the attendances of Ministry of Economy of Free Zones, Foreign Investment and Services General Director Uğur Öztürk.​

Following the various briefings, the Council of Ministers Resolution on Payments to be made with Turkish Lira in Freezones 2017/10051 was discussed.

Members of the Council are concerned with the problems that may be encountered in the process of implementation and in the future. Both regional operators and user associations have expressed their opinions about the difficulties communicated to them in regards to trading with the TL.

Free Zone operators and users state that they strongly urged changes to the practice to be in TL and in foreign currencies.

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