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Record-Breaking Small Size Superyacht Goes Bankrupt - Dünya Newspaper
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Driven by demand from the US, Turkey has become the world's second-largest exporter of superyachts. However, the burden of VAT and excise duties in the domestic market, exchange rate pressures, and a shortage of mooring space have driven small boat manufacturers into a dead end. Murat Bekiroğlu, President of YATED (Turkish Association of Small Boat Manufacturers), called for support for domestic producers.
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