Turkish food, agriculture sector sets $50B export target by 2028

Turkish food, agriculture sector sets $50B export target by 2028

In line with authorities and exporters’ objective to achieve an all-time excessive in shipments by the tip of the 12 months and up to date constructive outcomes such because the determine of over $20 billion (TL 544.01 billion) in export quantity for July, the president of the Turkish Exporters Assembly (TIM) advised on Tuesday that they goal to extend meals and agriculture exports from Türkiye to $50 billion by 2028.

Mustafa Gültepe, the president of TIM, acknowledged that the meals and agriculture sector will play a important function in Türkiye’s objective of “reaching a $400 billion export target by 2028.”

“In 2022, we exported approximately $27 billion worth of food and agricultural products. For 2028, we aim to increase our food and agriculture exports to $50 billion. We are conducting all our projections and efforts in line with this goal,” Gültepe mentioned.

The TIM Agriculture Board held its August assembly within the Black Sea province of Giresun, the place the hazelnut harvest season was ongoing.

Speaking on the opening of the assembly, Gültepe recalled that Türkiye’s goal for 2028 is $400 billion in items and $200 billion in service exports.

Gültepe highlighted that the meals and agriculture sector is among the many most advantageous by way of exports.

He additionally famous that Türkiye has a wealth of expertise on this subject, a various vary of merchandise, superior know-how, and a high-capacity industrial infrastructure for manufacturing.

Speaking to Anadolu Agency (AA), Gültepe reiterated the growing significance of meals and agricultural merchandise globally as a consequence of local weather change and mentioned: “Therefore, we must turn this advantage into an opportunity for our country. If we can efficiently, utilize and manage our existing agricultural fields, we can provide consumers with abundant, high-quality and affordable food, while also earning much more in terms of foreign currency through exports. I believe that the food and agriculture sector will play a critical role in reaching the $400 billion target in 2028.”

The momentum in Türkiye’s exports maintained an upward pattern within the final years regardless of a number of international challenges such because the latest pandemic and the outbreak of the battle between Russia and Ukraine. Türkiye made exports value over $254 billion in 2022, beating the earlier document of almost $225.4 billion in 2021.

Melisa Tokgöz Mutlu, TIM Agriculture Board chairperson, equally emphasised that agricultural manufacturing and meals gained strategic significance for the entire world and underlined that all the pieces on this planet started to be formed round agriculture and meals.

Noting that agriculture ranks first among the many sectors with a present account surplus, Mutlu famous that along with the present agricultural manufacturing potential Türkiye obtains, additionally they carry the benefit of having the ability to work by customer-based and demand-oriented approaches.

“The geography we’re located in additionally gives us vital alternatives. Starting from the European market, there’s a giant share of the inhabitants with a excessive buying energy round us. There isn’t any nation within the area that has as giant a capability and superior know-how manufacturing infrastructure as we do,” Mutlu defined.

“We have experienced the advantages of our geographical location during crisis periods such as pandemics and wars. In order to further increase these advantages, we must observe how the demands are shaped in the world in the upcoming period and produce accordingly. We must be able to bring appropriate products to our country, process them, and sell them abroad within the scope of the inward processing procedure (IPP). Thus, we can contribute much more to closing the current account deficit in our country,” she famous.

Noting that sustainability standards are vital within the new interval, Mutlu mentioned: “We are forming our strategies based on this fact. Besides all these, we want to create a globally known and sought-after ‘Turkish brand’ in agricultural products and food. Because we aim to be the recognized supplier of markets with the highest purchasing power. If we can achieve this and exist with our brands in countries with high purchasing power, including Europe, the U.S. and Japan, we can create the highest added value for our country.”

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