USDA Trade Mission Aims to Create Ag Opportunities in Turkey

6/15/2013 7:00 AM

WASHINGTON — The USDA announced on June 6 that Acting Deputy Secretary of Agriculture Michael Scuse is leading a mission to promote U.S. agricultural exports to Turkey, accompanied by representatives from Iowa, Minnesota, Missouri, Nebraska, North Dakota and Pennsylvania, as well as 20 U.S. companies.

The delegation is traveling to Istanbul and Ankara to learn about Turkey’s evolving market conditions and business environment — information that will enable businesses to develop export strategies for Turkey.

Companies attending the Turkey trade mission represent a wide variety of agricultural products including dry beans, fruit and nuts and agricultural machinery.

“People around the world continue to demand U.S. food and agricultural products, boosting American businesses and supporting our rural communities,” Scuse said.

With its rapidly developing economy and expanding middle class, Turkey is becoming a key market for U.S. food and agricultural products.

U.S. agricultural exports to the country tripled over the last decade. In fiscal year 2012, two-way agricultural trade between the two countries reached more than $2.4 billion, with U.S. exports accounting for more than 75 percent of the total — a significant contribution to the U.S. agricultural trade surplus.

Turkey is also the second-largest country, behind South Korea, in USDA’s GSM-102 program, which provides credit guarantees to encourage financing of commercial exports of U.S. agricultural products while providing credit terms to buyers.

In 2012, the program supported sales of about $700 million in agricultural commodities to Turkey, including 70 percent of all U.S. soybean and soybean meal exports to Turkey.

This trade mission is the first major USDA agricultural trade mission this year for U.S. companies. Successful trade missions to China and Russia were held in 2012.

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