Export Incentives and Government Support: How to Benefit?

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1. Importance of Export Incentives and Supports

  • To increase the competitiveness of exporting companies in international markets.
  • To increase the foreign trade volume of the country's economy.
  • To support investment, production and employment opportunities.

2. Export Incentives Offered in Turkey

a. Financial Supports

  • Credit and Interest Support: Low interest loans offered by Eximbank.
  • Credit Guarantee Fund (CGF): Facilitating exporters' access to financing.
  • Tax Refunds and Exemptions: Value Added Tax (VAT) refund and customs duty exemption.

b. Marketing and Fair Support

  • Incentives for participation in fairs, exhibitions and promotional events held abroad.
  • Market Research and International Brand Support: Grants provided for target market research.

c. Training and Consultancy Support

  • Support for training and certification programs to develop foreign trade expertise.
  • Contributions to business development consultancy services.

d. Technology and R&D Support

  • Technological Product Investment Support Program (Tech-InvesTR): Supports given for the export of innovative products.
  • R&D and Innovation Programs: Grants provided by TUBITAK and other organizations.

3. International Export Incentive Programs

  • European Union Funds: Financing R&D projects through programs such as Horizon Europe.
  • Other International Organizations: Export project incentives offered by organizations such as the World Bank and IMF.

4. How to Benefit from Incentives and Support?

a. Application Process

  • Preparation of necessary documents: Business information, financial status reports and project plans.
  • Application to relevant institutions and organizations (Ministry of Trade, KOSGEB, Eximbank, TUBITAK).
  • Use of online application portals and support units.

b. Prominent Criteria

  • Contribution of the activity to international markets.
  • Value added level of the products to be exported.
  • The company's operating history and growth potential.

c. Things to Consider

  • Transparent and accurate management of processes.
  • Complete and accurate preparation of application documents.
  • Fulfilling the requirements of relevant incentives (for example, meeting certain export volumes).

5. Strategies for Successful Use of Incentives and Support

  • Get Professional Support: Get guidance from foreign trade consultants or incentive experts.
  • Target Market Selection: Make strategic market choices to benefit most effectively from incentives.
  • Planned Investments: Use incentives as part of a long-term growth plan.

6. Sample Incentive Programs

  • Eximbank Loan Programs: Provides easy access to export financing.
  • Turquality Program: Support for brand-focused exports.
  • KOSGEB Supports: Financial and training support for small and medium-sized enterprises.

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