The Resolution of the President on Export Aids Was Published

The Resolution of the President numbered 5973 and dated 17.08.2022 on Export Aids (Resolution) entered into force through its publication in the Official Gazette dated 18.08.2022 and numbered 31927.

The Resolution regulates that in order to prepare companies for export and to provide them with a competitive advantage in international markets, the expenses related to strengthening the design and corporate capacities, the promotion, marketing and branding of their products abroad and the expenses related to other activities necessary to ensure the sustainable increase of exports will be covered from the Aids and Price Stabilization Fund (DFIF).

The Resolution stipulates that companies will be provided aid at the rate of 50% - 75% and/or from TRY 1,500 up to TRY 100,000,000 in many areas such as market entry documents, foreign trademark registration, domestic and international fairs, virtual fairs, purchase of machinery, equipment, hardware and software within the scope of the global supply chain competence project, training expenses, consultancy expenses, rental expenses, promotion and marketing expenses, the difference between the interest rate applied by Eximbank and the CIRR, Eximbank export credit insurance compensation support and TURQUALITY support.