Turkey introduces amendments to price tag regulations – International Law


Turkey: Turkey introduces changes to price tag regulations

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The Ministry of Commerce (“Ministry“) has made certain changes to the regulations on price tags (“Regulation“) with the regulation amending the regulation on price tags, which was published on February 18, 2022.

Recent development

As part of the amendments which will come into force on March 1, 2022, the ministry has introduced new rules on labeling provisions and the information that must appear on labels. The rule changes are available online here (In Turkey).

What’s new?

Information on labels and listings, such as place of manufacture, distinguishing features and selling price of goods, must be in Turkish. Additionally, if there is a bond for the return of packaging that is not included in the selling price of the product, retailers must also show this bond on labels and listings.

Retailers can affix the labels to the packaging or container of the good (in addition to the good itself, or groups and shelves of products of the same quality).

Finally, the price of the goods or services before the rebate will be determined on the basis of the lowest price in the 30 days preceding the rebate. For perishable goods such as fruits and vegetables, the rate and amount of the discount will be determined based on the previous price of the commodity.

Conclusion

The ministry continues to regulate the labeling of goods and services subject to retail sale. Affected companies must closely follow the ministry’s announcements and comply with the requirements set out in the regulations.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

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Richard L. Militello