The Article with the heading of Should RUSF be maintained?, written by our Board Chairman, Mehmet Altay YEGIN was published in the newspaper named as Nasıl Bir Ekonomi.
In order to facilitate transactions related to international trade, companies that are considered reliable by the state are given the title of "Authorized Economic Operator" (AEO) and this practice has come to life in our country under the name of "Authorized Economic Operator Status" (AEO).
In order for a company to have an AEO; it must be reliable, its recording system must be regular and traceable, it must have financial competence, safety and security standards. In order to obtain this status, AEO-I companies need to be manufacturers in addition to the general AEO conditions and to have exported at least $10 million in one year or to have exported at least $5 million in one year and to employ at least 50 workers on average. As of
now, AEO-owned companies account for more than @ of Turkey's total imports and exports. The fact that these companies, which are almost all industrialists, import to provide the inputs of our export products should not be ignored. However, many of these companies, which are the pupils of our industry, continue to struggle with additional financial burdens such as Source Utilization Support Fund (RUSF) cuts in imports.
With the decision of the Council of Ministers numbered 88/12944 published in the Official Gazette dated 07.06.1988 and numbered 19835, "Resource Utilization Support Fund" is established. In the first article of the decision titled "purpose", it is stated that "In order to direct investments in accordance with the objectives stipulated in the development plan and annual programs and to reduce the cost of loans in specialty loans, a ‘Resource Utilization Support Fund‘ was established before the Central Bank of the Republic of Turkey based on Article no. 40, paragraphs II-b and c of Law No. 1211, amended by Law No. 3098." In Article no. 3 of the decision, the resources of the fund are determined as 6% in consumer loans provided by banks, 6% in other loans , 6% in financing loans, 6% in loans provided by banks and financing companies from abroad, 6% in imports made according to acceptance credit, term letter of credit and form of payment against goods.