Royal Innovative has announced that it increased its business volume in UK-targeted agricultural product exports by 55% in the first 10 months of 2023. It predicts a significant growth in agricultural exports between the two countries next year. Royal Innovative mediates the export of agricultural products from Turkey to the UK. It increased its business volume by 40% in the first 10 months of 2023. The UK ranks third in Turkey's total exports.
Boris Volfman, Founder of Royal Innovative: “Among Turkey’s total exports to the UK, which approached 10 billion dollars in the first 10 months of 2023, agriculture is slightly above 1 billion dollars. During this period, agricultural exports from Turkey to the UK increased by nearly 5%. As a company that acts as a bridge between Turkish agriculture and the UK, in parallel with this growth we increased our business volume in the country by 55% in the first 10 months of the year. "With the possible update of the agreement, we expect a significant growth in agricultural exports between the two countries by the end of 2024.”
Volfman said that the current FTA between the two countries is important as it is the first of the free trade agreements signed with different countries after the UK's exit from the European Union.
Source: baltictimes.com