Industrial Policy & Trade Monitor· 2666 actions· ✨ 90 recent

Türkiye's Ministry of Trade published Tebliğ No. 2026/12 ("İthalatta Gözetim Uygulanmasına İlişkin Tebliğ") in the Official Gazette on 31 December 2025 (Sayı 33124, 4th mükerrer), entering into force 30 days later on 30 January 2026. It imposes a forward-looking import surveillance regime on escalators and moving walkways: imports priced at or above a Ministry-set reference unit customs value require a surveillance certificate ("gözetim belgesi") issued electronically by the Ministry's Import Directorate General before customs clearance — the inverse-direction (price-ceiling) variant of the reference-price template used elsewhere in the same package. Global Trade Alert logs the measure as a discrete "certainly harmful" import-licensing intervention (MAST Chapter E: non-automatic licensing) covering inward flows from all origins, naming China among the affected exporting countries alongside Australia and Austria; the exact GTİP line and USD/unit threshold are not publicly disclosed.

Australia enacted the Taxation (Multinational—Global and Domestic Minimum Tax) Act 2024 (No. 132, 2024) and its companion Imposition Act (No. 133, 2024), receiving royal assent on 10 December 2024, together implementing all three OECD/G20 GloBE charges in a single legislative cycle: an Income Inclusion Rule (IIR), an Undertaxed Profits Rule (UTPR), and a Qualified Domestic Minimum Top-up Tax (QDMTT). The IIR and QDMTT apply to fiscal years beginning on or after 1 January 2024 (retroactive at enactment); the UTPR applies to fiscal years beginning on or after 1 January 2025. All three charges apply to Australian members of MNE groups with consolidated annual revenue ≥ EUR 750 million, administered by the Australian Taxation Office.

Australia's first standalone cyber-security statute (Act No. 98 of 2024), passed by Parliament on 25 November 2024 and granted Royal Assent on 29 November 2024, with provisions commencing in tranches through 30 May 2025. The Act creates four binding regimes: (i) mandatory security-of-things standards for connected and IoT products supplied in Australia under regulations administered by the Department of Home Affairs; (ii) a mandatory ransomware / cyber-extortion payment disclosure regime requiring reporting business entities with annual turnover above AUD 3 million to notify the Australian Signals Directorate within 72 hours of any ransom payment made by or on behalf of the entity; (iii) a statutory Cyber Incident Review Board to conduct no-blame post-incident reviews of significant cyber incidents; and (iv) a "limited use" protection restricting how information voluntarily shared with the National Cyber Security Coordinator may be used by Commonwealth agencies. The Act implements core initiatives from the 2023-2030 Australian Cyber Security Strategy and affects every firm selling connected devices into Australia or operating above the turnover threshold in Australia.