THE GLOBAL WINDOW OF TURKISH FOOD AND AGRICULTURE The Global Window of Turkish Food and Agriculture Sector
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Press release…
According to data shared by the Turkish Exporters Assembly (TİM), the cereals, pulses, oilseeds and products sector, which includes basic food items such as chocolate and cocoa products, sunflower oil, biscuits and wafers, confectionery varieties, pasta and wheat flour, exported 929.5 million dollars worth of goods in January.
Drawing attention to Russia’s deepening relations with large markets like China and India, and evaluating the potential impact of the EU-India Free Trade Agreement on global trade from the perspective of the food sector, Ahmet Tiryakioğlu said, “Since Türkiye’s food exports to the EU are limited by quotas, this agreement will not have a significant impact on our grain exports to the EU.”
“The exclusion of rice, where India is the global export leader, as a precision agriculture item prevents this product from entering the EU market without limits and without duties. Therefore, a ‘flood of rice’ from India to the EU is not expected for now. However, the agreement will have indirect effects. India is a country that currently exports approximately 12 billion dollars worth of rice annually, while importing over 5 billion dollars worth of pulses from around the world. In other words, it is a price-setting supplier in some products and a major buyer in others,” he explained.
Pointing out that this agreement with the EU will further increase India’s capacity to attract investment, its agricultural industrial infrastructure and its weight in global trade, he added, “This will make India a strong player not only in raw materials but also in processed food and value-added agricultural products. India becoming a more stable, larger-scale and more competitive supplier in food production could intensify price and volume competition, particularly in markets such as the Middle East, Africa, and Asia. New collaborations with India, where our grain sector exports average 45 million dollars annually, could create significant win-win opportunities for both countries.”
