Saudi Arabia Officially Announced Its Embargo on Turkey

Political problems between Saudi Arabia and Türkiye were also reflected in the economy. The Saudi government launched a campaign against Turkish goods. made the embargo official. The Saudis announced that they will not buy Made in Turkey originating goods at the end of this month.

Saudi Arabia stands in an important place in terms of Turkey's imports and exports. While Türkiye imports 3 billion dollars from Saudi Arabia, it also exports 3.3 billion dollars, and Saudi Arabia, 15th country to which we export the most It is located in.

Embargo on products originating from Made in Turkey

The political tension between Türkiye and Saudi Arabia had already started to affect our foreign trade. Saudi Arabia administration imposes value added tax on Turkish products increased from 5% to 15%. In addition, products such as fresh fruits and vegetables were held up at customs, causing various problems.

According to the news in Cumhuriyet, the Saudi administration warned Ülker, which has a factory in Arabia, not to bring raw materials from Turkey. There is also a notice for Saudi importers who buy goods from Turkey. He was signing a commitment. However, now all this has been made official.

The official embargo starts at the end of this month. with the month of October Made in Turkey Products with the stamp will not be able to enter Saudi Arabia. Business people who export to the region say that their customers are used to Turkish products and cannot buy them due to the embargo. In addition, customers, goods being sent via a third country They express what they want.

An SME doing business with Saudi Arabia, "Saudi Arabia is our most important market. But my Saudi customer does not buy goods anymore. Because he warned the government, he is afraid. Trading stops at the end of this month. We are doing the final uploads. We are confused about what to do. “The morale is low.” He uses the expressions.