The transition to a low-carbon economy is a priority agenda item for the entire world today. This process closely concerns not only the environment and society, but also the economy. Production processes are changing. The rules of global trade are being redefined. The European Union's green agreement and border carbon mechanism regulation, which aim to become a carbon-neutral continent by 2050, are the driving force of this transformation... The Border Carbon Adjustment Mechanism entered into force on October 1, 2023, with only a reporting limitation. As of 2026, financial obligations will be imposed on exported products. The European Union is our largest trading partner. Therefore, Turkey needs to follow this process very closely. If the public, private sector and civil society do not take action together, the cost of the transformation will be very high. How should we manage this process? What does the transformation mean for Turkey? What are the concerns? What are the opportunities? We discussed all these questions with experts on the subject on NB ECONOMY TV.

KIZILKAYA CUSTOMS CONSULTANCY AEGEAN REGION MANAGER AND BUSINESS DEVELOPMENT COORDINATOR AYSUDA MERYEM KÖKSAL:

It is important that the Green Transformation Package is also developed in physical investments
“We make 40 percent of our exports to the European Union. 34 percent of this rate consists of products within the scope of the Border Carbon Adjustment Mechanism. The iron-steel and aluminum sectors will be affected in particular. Awareness is developing with a three-year transition period. There will be no financial reflection on us during the process. There is only a reporting obligation, but this is not the responsibility of the exporter here. Reporting is carried out by importers in the European Union or authorized customs consultants in the European Union. The European Union receives information from its supplier while reporting. The exporter company needs to inform the emission level. There are informed and prepared companies. The level of awareness has also increased over time. However, financial support is required for physical transformation. There is serious preparation on the exporters’ side. When we look at the stages; first of all, the current situation regarding carbon regulation at the border and carbon emissions needs to be analyzed. What needs to be done regarding the improvement process comes next. Then the investment process starts. In the meantime, a significant portion of our exports are based on imports. Since our inputs are imported, we also need to know the carbon level in those inputs. There has been a demand for this by exporters, and support is expected from the public. The public has also taken important steps. As of February 23, the regulation regarding the Green Transformation Package was published. 50 percent of the consultancy services that companies will receive in this package will be covered by the public. This benefit, which will be provided for the 5 sectors that are currently on the agenda, is foreseen for a period of 5 years. A regulation was shared stating that up to 10 million TL will be covered. We expect the conditions for benefiting to be shared. I think that it would be better if the Green Transformation Package is also developed in physical investments and these will be on the agenda in the coming period. There may be tax incentives to facilitate financial and operations. Turkey’s superiority in the logistics sector can be supported and turned into an advantage in the future, and its market share can be increased.” www.ekonomim.com/kose-yazisi/yesil-donusumu-adil-planli-ve-seffaf-olmasi-gerekiyor/738358