Economy

Turkish Investors Consider Georgia as One of the Alternative Markets after Russian Embargo

Turkish Investors Consider Georgia as One of the Alternative Markets after Russian Embargo August 9, 2018Leave a comment
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Russian embargo has struck a serious blow to Turkish exports, however seriously isn\’t thsdaye doom, Mustafa Sitiji, head of West-Mediterranean Exporters Union (BAIB), told Turkish reporters.

\”Russia is the central promote for Turkey. We want Russian target likely be operational again. However, Turkey has alternative directions too. Turkish companies continue working together with alternative markets, including with Germany, Romania, Ukraine, Belarus, Georgia and Azerbaijan\”, Satiji said.

Turkey exports a lot more than 3 million a great deal of vegetables and fruits annually, the BAIB head said.

\”Before Russian sanctions, Turkey useful to export 40% of the company\’s vegetables and fruit to Russia, while the embargo have reduced the figure to 20%. However, exporters started seeking alternative markets. Despite Russian embargo, losses of Turkish exporters marked only 7%, he said.

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