Browse Data and Analysis

On December 25, 2024, Türkiye unexpectedly increased the Special Consumption Tax (SCT) on distilled spirits by 12.5 percent, excluding domestically produced raki.

Honduras ranks twenty sixth as an ?export destination for consumer-oriented products from the United ??States?. Honduras’s imports were valued in US$ 462.8 million, second only to Guatemala for the Central American region, and seventh in the Americas.

On January 3, 2022, Turkey announced the domestic producer price index (PPI) inflation in the second half of 2021 was 47.39 percent, therefore triggering an automatic increase in the fixed-amount Special Consumption Tax (SCT) for alcohol beverages, soft drinks, fruit juice, and tobacco products.

Turkey has removed the tariff increases imposed on US products in August 2018, halving the total additional tariffs imposed in 2018, effective immediately on May 21, 2019.

Turkey reduced the import tariff on Brans under HS code 2302 from 5 percent to 0 percent according to a governmental decree.

On January 1, 2017, the Government of Turkey (GOT) announced increases to special consumption taxes for all alcoholic beverages except wine.

Despite the slowdown in the growth of the Turkish economy in general, the food retail sector is expected to grow eight percent annually. The total retail sector in Turkey reached US$214 billion...

On January 1, 2016, the Government of Turkey (GOT) announced increases to special consumption taxes, which include taxes on alcohol and tobacco.

In June 2013, the Government of Turkey (GOT) enacted sweeping legislation to amend its existing alcohol laws.

Central America and the Caribbean, with their close geographical and economic ties to the United States, have always been an important market for U.S. agricultural exports.