Trade code will not be postponed: Turkish Deputy Prime Minister

ANKARA - Anatolia News Agency

Deputy Prime Minister Babacan says there will be refinements to the code.

The government is aware of problems within its new trade code, Turkey’s deputy prime minister for economic and financial affairs said yesterday.

“We will make the relevant refinements [to the trade code], but we have not considered postponing it,” Ali Babacan said at the agenda meeting of the Ankara Chamber of Commerce, adding that the issue would be addressed during an Economy Coordination Board meeting.

The refinements come in light of views submitted from the Union of Chambers and Commodity Exchanges of Turkey (TOBB), as well as other institutions.

“We may take steps to relax some regulations, such as adding in periods of transition in the alterations package,” he said.

The new trade code will go into effect July 1.