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“WE SHOULD EXPORT MUCH MORE GEOGRAPHICALLY INDICATED AGRICULTURAL PRODUCTS”

Stating that registered products are sold at an average price of 2.1 times higher than unregistered ones in the European Union, İzmir Commodity Exchange Chairwoman Işınsu Kestelli said, “Turkiye exported 25 billion dollars of agricultural products in 2021. However, if we can evaluate our potential in the field of geographical indications, it may be possible to increase this export to a higher value with the same amount.”

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İzmir Commodity Exchange Chairwoman Işınsu Kestelli emphasized that Turkiye’s target for geographical indication should be 10% of the world market and stated that Turkiye has a great potential in terms of local and geographically indicated products with its ecological structure.

Kestelli explained, “While there are 3,500 geographically indicated products in total across Europe, the presence of 3 thousand potential products in Turkey is a great wealth. We should work to better evaluate this potential and to promote our geographical indications products effectively. In the last year, the number of geographical indication registered products in our country has increased more than twice.”

“However, our main goal should be to boost the number of geographical indication registrations, not to use this system as an archiving service, but to rise the economic value to be created by geographical indication products, to create an ideal value chain from production to the market and thus to ensure the sustainability of these products,” she added…

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