Levy on Turkish cement approved

Levy on Turkish cement approved
Published: 10 March 2004

The Israeli Knesset Finance Committee today approved an order by Minister of Industry Trade and Labor Ehud Olmert to impose a levy of US$5.83 per ton on the dumping prices of imported Turkish cement. The levy is intended to protect Nesher Israel Cement Enterprises from cement imports at dumping prices.  The Finance Committee stated that following negotiations with the Turkish government, an agreement was reached, under which Turkish cement producers who pledge not to sell cement to Israel at dumping prices will not pay the levy.