Jun 12, 2018 SOURCE: © CTO Data Services Co.
TURKEY REVISES COMMERCIAL OFFSET POLICY, INCREASES PENALTIES
Turkey’s Ministry of Science, Industry and Technology (MSIT) has amended the guidelines for implementing industrial cooperation partnerships through commercial procurement agencies. The ministry has raised nonperformance penalties, and reconstructed the categories for discharging offsets, reducing them from four to three.
Turkey’s Public Procurement Law on civil industrial participation/offset allows procurement agencies...
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