May 27, 2019 SOURCE: © CTO Data Services Co.
TURKEY’S SSB ON LAW 7161: “THIS DOESN’T APPLY TO US”
Turkey’s Savunma Sanayii Başkanliği (SSB) denies that Law 7161, effective since January 17th, provides obligors with a way out of their offset commitments. The new law maintains that both civil and defence offsets can be terminated if the manufacturing cost of the contract has unexpectedly increased.
Murat Cizgel, the head of...
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