• About
  • News
  • Events
  • Media Kit
  • Advertise
  • Subscribe
  • Contact Us
  • Online Magazine
  • Newsletter
  • Türkçe
No Result
View All Result
Food Turkey
No Result
View All Result
Food Turkey
No Result
View All Result

Turkey nears free trade agreement with Japan

fdturkey by fdturkey
30/10/2014
in News In General
Reading Time: 2 mins read
A A

“Japan was the fourth-biggest food importer globally while Turkey was the largest food manufacturer in Europe and the seventh-largest globally. This was one of many trade opportunities which could be used for the benefit of both sides.”
TOKYO-Turkey is close to signing a free-trade agreement with Japan, Turkey’s Economy Minister Nihat Zeybekci has said. Speaking at a press conference following his visit to Tokyo, Zeybekci said that the Turkish ministry’s top priority was to sign the extensive agreement as technical negotiations had been completed. Zeybekci said: “Technical negotiations were concluded and the framework settled. “Starting from December 1, we will start official negotiations. We aim to finish the negotiations at the end of 2015.” Pointing out that Japan was still struggling with the effects of the global economic crisis, Zeybekci said it needed to manufacture and export more as well as invest its funds in other countries, and Turkey offered great potential. He said: “Turkey is one of most important countries which can give this opportunity to Japan. “We believe this connection would be beneficial for both sides, as well as for other countries.” As an example, Zeybekci pointed out that Japan was the fourth-biggest food importer globally while Turkey was the largest food manufacturer in Europe and the seventh largest globally, saying this was one of many trade opportunities which could be used for the benefit of both sides. Zeybekci said: “We have corresponding problems. Turkey imposes limitations on some Japanese food products, and Japan has some limitations on Turkish products. “We will propose that Japan acknowledges the certifications and authorization of both countries … which would render extra audit and laboratory processes unnecessary.” “We plan to resolve difficulties in the export of food, vegetables and poultry meat by the end of 2014, and start trade in 2015,” he added. Turkey also believes the Japan-Turkey partnership promises great opportunities in tourism and the hosting of ageing Japanese people, thanks to more competitive costs, Zeybekci said. Noting trade volume between the two countries currently stands at $0.4 billion, Zeybekci said he hoped 2015 would be the first year in which exports to Japan pass the $1 billion threshold. Although Japan’s foreign trade volume was more than $1.7 trillion in 2012, Turkey’s trade volume with Japan peaked at only $3.9 billion. A total of 41.8% of Turkey’s exports to Japan consist of food and beverages. As the fourth-largest importer of food and beverages, Japan has been one of the most important markets for Turkey. Turkey’s main food and beverage items to Japan include fish fillets (mainly bluefin tuna), tomatoes, pasta, olive oil, dried fruits, nuts and tobacco. Experts said the trade agreement would help Turkey to narrow its $3.3 billion trade deficit gap with Japan, deepen economic relations, enrich investment and cooperation opportunities, and boost bilateral trade.
f78

Previous Post

Largest Summer Fancy Food Show ends on high note

Next Post

Poultry industry engages a promotional attack in world markets

fdturkey

fdturkey

Related Posts

The Complete Package: Anchor Packaging Joins the Cyclyx Consortium
News In General

The Complete Package: Anchor Packaging Joins the Cyclyx Consortium

by fdturkey
01/06/2024
Pringles brings Minecraft TNT to the table: Celebrating 15 years of gameplay with an explosive, limited-edition flavor
Company News

Pringles brings Minecraft TNT to the table: Celebrating 15 years of gameplay with an explosive, limited-edition flavor

by fdturkey
31/05/2024
Cal-Maine Foods expands operations with the acquisition of Tyson’s Dexter facility for egg production
Company News

New Data Shows 89% of Cage-Free Egg Commitments Are Fulfilled by Food Corporations

by fdturkey
31/05/2024
Kellanova, Albertsons join forces to fight food insecurity in southern Montana
Company News

Kellanova, Albertsons join forces to fight food insecurity in southern Montana

by fdturkey
28/05/2024
Kemin Industries Attains First Feed Additive Life Cycle Assessment from GFLI
Company News

Kemin Industries Attains First Feed Additive Life Cycle Assessment from GFLI

by fdturkey
28/05/2024
Next Post

Poultry industry engages a promotional attack in world markets

Turkish Poultry companies on the attack

Kurex exports to 50 countries

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ONLINE MAGAZINE

The Latest Video News

Newsletter

  • About
  • News
  • Events
  • Media Kit
  • Advertise
  • Subscribe
  • Contact Us
  • Online Magazine
  • Newsletter
Call us: +90 212 454 22 22

© Copyright 2025, All Rights Reserved

No Result
View All Result
  • About
  • News
  • Events
  • Media Kit
  • Advertise
  • Subscribe
  • Contact Us
  • Online Magazine
  • Newsletter

© Copyright 2025, All Rights Reserved