Union of Chambers and Commodity Exchanges of Turkey

Following President Recep Tayyip Erdoğan's announcement that VAT on food products covering all stages of production, wholesale trade and retail trade would be reduced to 1%, TOBB President Hisarcıklıoğlu posted on his social media account, “We welcome the reduction of VAT on all food products from 8% to 1%. I invite our members who produce and trade food to support the anti-inflation campaign announced by our President Recep Tayyip Erdoğan.”