With the Presidential Decree, the “Decision on the Amendment to the Decision on Export Supports” was published in the Official Gazette and put into effect.
According to information provided by the Ministry of Trade, the buyer credit scheme will offer exporters access to affordable financing, making it easier to reach new markets. In addition, it will help strengthen commercial confidence and reduce financial risks in countries facing funding challenges. In this way, the program aims to create a strong synergy between Türkiye’s production capacity and financial strength.
Under the new support mechanism, in addition to the medium- and long-term buyer credits provided by Türk Eximbank, short-term credits such as those linked to letters of credit will also be supported with competitive interest rates. Moreover, interest support will be applied to investment goods exported for overseas contracting projects.
Through these measures, exporters will be able to finance their products under safer and more competitive conditions on a global scale. According to the decision, 25% of the risk borne by Türk Eximbank due to uncollected buyer credits will be covered by the state, with total support capped at 1 billion Turkish lira annually.
New Supports for Export Consortia
Under the new regulation, export consortia formed by at least three companies have also been included in the scope of support. Expenses related to renting overseas units, basic setup and concept architectural works, as well as warehousing services, will be covered by government support.
To enhance the effectiveness of these supports, companies with export consortium status will be eligible for assistance for each target market for up to five years.
With these new arrangements, the aim is to reduce the cost of entering international markets by benefiting from economies of scale, promote Turkish export products across broader geographies, and increase high value-added exports.
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