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Global Trade Alert

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Turkiye: The government supports the first fully homemade electric car investment project worth $3.7 billion

Description

On 27 December 2019, the Turkish government accepted the application of TOGG’s investment project concerning the production of electric vehicle for the project project-based investment incentive progr...

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Intervention Details

Intervention Type

Interest payment subsidy

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

27 Dec 2019

Revocation date

27 Dec 2029

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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