(Reuters) - Turkish companies are enjoying a rise in orders from Russia as their government eyes a lucrative long-term opportunity from Moscow's ban on imported Western foods. Mehmet Buyukeksi, head of the
Turkish Exporters Assembly (TIM), said he expected a significant
increase in poultry and seafood exports to Russia, and that Turkey could also meet increased Russian demand for fruit and vegetables. "Demand
from Russia for Turkish products increased after limits to trade with
the U.S. and EU were introduced," Buyukeksi said in written answers to
questions from Reuters. Turkey was the 5th leading supplier of food to Russia with $1.68 billion worth of trade in 2013. Economy Minister Nihat Zeybekci said Moscow's ban - a response to Western sanctions over the Ukraine crisis - provided an opportunity for Turkey to bolster its exports not only of food, but also consumer goods. "I
see Russia as an opportunity for Turkey, I don't think the problems
between Russia and the West are long-term and sustainable," Zeybekci
told Reuters in an interview on Monday. "We
should make this opportunity a strong, long-term, permanent and
corporate one ... We are in talks to meet their needs and make the most
of this opportunity," he said. Turkey
and Latin American nations like Brazil look likely to emerge as key
winners from Russia's decision to ban most EU and U.S. food imports. Russian
Prime Minister Dmitry Medvedev announced the one-year ban on Thursday
on meat, fish, dairy, fruit and vegetables from the United States, the
EU's 28 member states, Norway - a major exporter of salmon - Canada and
Australia. POULTRY SUPPLIERS Zeybekci
said Turkey had been in talks with Russia on deepening trade long
before the ban, including on Turkey's possible involvement in a customs
union between Russia and Central Asian states including Kazakhstan and
Kyrgyzstan. Buyukeksi said his organization was working closely with the economy and agriculture ministries to simplify procedures for exporting to Russia. "We expect a Russian delegation to visit Turkey next week within this framework," he said. Russia
has become the world's biggest consumer of EU fruit and vegetables by
far, the second biggest buyer of U.S. poultry and a major global
consumer of fish, meat and dairy products, so the ban opens up big
opportunities for others. Analysts said last week Turkish poultry companies such as Banvit BNVT.IS and Pinar Et (PETUN.IS) would benefit from the start of processed white meat imports to Russia from Turkey. Long-time
rival Greece accuses Turkey, an EU candidate nation and member of the
NATO military alliance, of seeking to exploit the situation and of
behavior that does not befit a country seeking membership of the
European Union. "The foreign
ministry has been clear that it is not possible for partners in NATO and
the European Union or candidate countries for the EU, Turkey among
them, to be exploiting this trade war and to not follow the policy of
the EU," Greek Deputy Foreign Minister Dimitris Kourkoulas told Greek
Skai TV.
Turkish exporters see profit from Russian ban on Western foods
Reuters
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