Turkish Products Introduced in China

Turkey has participated to China Import Fair held in Shanghai on 5-10 November 2018 with 38 firms in the 725-square-meter booth, exhibited their products in order to increase Turkey's exports to China.

The Aegean Exporters' Association participated in the China Import Fair with an information stand and promoted the food and industrial products produced in the Aegean Region. Izmir Chamber of Commerce and Aegean Industrialists' and Businessmen's Association were also present at the EIB stand. Aegean Fisheries and Animal Products Exporters Union Chairman Bedri Girit stated that, imports fair in China is being held for the first time and the foreign trade between Turkey and China is progressing against Turkey so their purpose is to reduce the foreign trade deficit to China.

Defining China's decision of organizing the imports fair as a landmark on the opening-up policy, Girit also noted, "Having an export-oriented policy so far, China is understood to prefer a more balanced foreign trade policy in the future. Chinese President Xi Jinping announced in his opening speech that China, which has a population of 1.3 billion, will take steps to reduce the tariffs and the costs incurred during import in order to increase imports in the coming period. During the next 15 years, Jinping shared that China's imports of goods will exceed $ 30 trillion and service imports will exceed $ 10 trillion. This approach excites Turkish exporters who want to increase their exports to China".

MINING SECTOR HAS THE LION’S SHARE IN EXPORTING TO CHINA

Accomplishing 2 billion 409 million dollars of exports to China in 2017 January-September period, Turkey raised this number to 2 billion 474 million dollars of exports at the same time range in 2018 which is an increase of 3 percent. The mining sector has the lion's share of exports to China from Turkey having the amount of $ 1 billion 267 million which equals the 51 percent. While the chemical sector was the second sector with the highest export volume of 389 million dollars, China preferred 127 million dollars Turkish textile products. After the China’s increase policy of imports, in addition to Turkey's exports of industrial and mining products to China, significant increases are expected in the sectors of olive oil, dried fruits, fresh fruit and vegetables, seafood and animal products.

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Categories: TRADE TRENDS

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