Automotive investment incentive statement from the Ministry

The Ministry of Commerce announced that the incentives provided for investments in the automotive sector are subject to the same conditions within the framework of the relevant legislation, and the guarantees regarding the incentives are guaranteed by the Ministry of Industry and Technology.

GLOBAL COMPETITION IS INCREASING DAY BY DAY

In the written statement made by the Ministry, it responded to the allegations regarding the incentive for an investment in the automotive sector. The statement said, "As it is known, the world automotive industry is going through a radical transformation; global competition, especially for the production of electric vehicles and attracting investments in this field, is increasing day by day.

Countries are implementing new policies and incentive mechanisms in a great race to develop electric vehicle ecosystems and strengthen their production capacities. The European Union's Industrial Acceleration Law initiative is also evaluated within this framework. Like other global actors, Turkey, on the one hand, supports domestic electric vehicle production and the related technology ecosystem, especially our national brand Togg, while on the other hand, it encourages international manufacturers to invest in our country.

TAKEN SECURITY BY THE MINISTRY OF INDUSTRY AND TECHNOLOGY

In this direction, policies are being implemented to encourage investments in all sectors that will increase our country's industrial capacity, technological competence and employment, as provided for all automotive players investing in our country in their initial and current investments. In this context, the incentives foreseen for the investment in question are subject to the same conditions determined within the framework of the relevant legislation.

"These incentives are tied to obligations regarding the realization of the investment, and the necessary guarantees to ensure the fulfillment of these obligations have been secured by our Ministry of Industry and Technology."

Scope and amount of incentives; Stating that it may vary depending on the nature of the investment, sectoral priorities and competitive conditions of the period, he said, "The main purpose is to ensure the realization of investments that bring technology to our country, create employment and strengthen our production and export capacity. Thanks to these successful policies and measures, our Turkey has increased its national income from 238 billion dollars to 1 trillion 700 billion dollars in dollar terms, and its national income per capita from 3 thousand 600 dollars to 18 thousand dollars. As a result of these achievements, our country is among the most successful in the world." "It has risen to the top 10 ranks in many sectors among developed industrial countries. All obligations and practices related to the process are meticulously carried out by our Ministry of Industry and Technology, taking into account the interests of our country."