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    Turkey Plans to Boost Food Exports to Russia - Reports

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    Russia Responds to Western Sanctions (218)
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    Turkish authorities intend to increase the volume of agricultural products exported to Russia in connection with Moscow’s ban on Western produce, the Wall Street Journal newspaper reported.

    MOSCOW, August 17 (RIA Novosti) - Turkish authorities intend to increase the volume of agricultural products exported to Russia in connection with Moscow’s ban on Western produce, the Wall Street Journal newspaper reported.

    The increase of exports of Turkish fruits, vegetables and dairy products to Russia will allow Ankara to reduce its trade deficit and will help to recover from the demand reduction in the European Union, Turkey’s largest market.

    "This is 100 percent positive, we need to seize this opportunity, Russia can devour everything we produce... We don't have energy like Russia, but we have agriculture, water and farmlands; we must work them and sell our produce," Vice President of the General Assembly at the Istanbul Chamber of Commerce Ahmet Ozer said.

    In 2013, Turkey sold $7 billion worth of products to Russia, the newspaper said. This figure could increase by 25 percent if Moscow appeals to Ankara for the export of goods that were previously imported from Australia, Canada, Norway, the United States, and the EU countries.

    At the same time, the Wall Street Journal noted that the increase in exports to Russia could adversely affect the development of Turkey’s domestic market and the relations between Ankara and Brussels, especially since the EU had already expressed concerns about the increase in exports to Russia from countries such as Brazil and Egypt. Brussels says it can reduce the impact of the EU and the US sanctions against Russia.

    On August 6, Russian President Vladimir Putin signed a bill on economic measures to protect the country’s security. The decree went into effect on August 7 and banned for one year imports of agricultural and food products from the countries that had imposed sanctions on Russia over the Ukrainian crisis. The list includes meat, poultry and milk products as well as fruits and vegetables from the United States, the European Union, Canada, Australia and Norway. The embargo does not include infant foods and goods.

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    Russia Responds to Western Sanctions (218)
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    European Union, embargo, trade, agriculture, food
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