Amendment Regarding Strategic Priority and Technical Evaluation of Investment Projects Notification
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law updates the criteria for evaluating investment projects in Turkey by expanding and modifying lists related to critical raw materials and strategic products. It aims to better align these lists with the economic and strategic priorities of the country, ensuring that projects focus on high-value sectors and technologies. Companies planning investments in technology and critical material processing will be most affected, needing to adjust their strategies to align with the new listings.
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Key Changes
- Update to the Critical Raw Material List to align with strategic economic priorities.
- Modification of Strategic Priority Product List to include high-value sectors.
- Addition of a new annex related to technical evaluations.
Obligations
What this law requires
Companies must align investment projects with the Strategic Priority Product List (Ek.1) when planning to manufacture products in targeted sectors
Companies must align investment projects with the Technology Areas List (Ek.2) when planning development activities, systems production, or intensive use of listed technologies in production processes
Companies must align investment projects with the Critical Raw Materials List (Ek.3) when planning to obtain, process, or subject listed elements to high value-added processes
Investment projects targeting critical raw materials must demonstrate focus on obtaining, processing, or applying high value-added processes to elements listed in the Critical Raw Materials List (Ek.3)
Companies must reference and comply with updated Annexes 1, 2, and 3 (Ek.1, Ek.2, and Ek.3) as modified in this notification, and incorporate the new Annex 4 (Ek.4) into project evaluation processes