Turkey is expecting the United States to not implement a decision to terminate the country’s preferential trade treatment under a program that allowed some exports to enter the United States duty free, the Turkish embassy in Washington said in a statement on Friday, ONA reports citing Reuters.
The U.S. Trade Representative (USTR) in early March said Turkey was no longer eligible to participate in the Generalized System of Preferences (GSP) program because it “is sufficiently economically developed.”
“To reach the $75 bln target laid out by President Erdogan and President Trump for mutual trade volumes between Turkey and the US, we have conveyed, in multiple occasions, to the U.S. side our expectations that any measures obstructive for mutual trade be dropped,” the Turkish embassy said in a statement to Reuters.
“In this context, our expectation that the decision to terminate our country’s GSP designation would not be implemented continues,” it added.
USTR did not immediately respond to a request for comment.