Royal Innovative charts a new course with a 55% boost in UK-targeted agricultural exports, projecting a prosperous future amidst evolving trade dynamics.
Navigating the ever-changing tides of global trade, Royal Innovative emerges as a trailblazer, orchestrating a remarkable 55% surge in business volume for UK-targeted agricultural exports during the initial 10 months of 2023. This surge not only reflects a substantial growth milestone but also signals Royal Innovative’s adaptability and resilience in an era of evolving trade landscapes.
As of October, the United Kingdom stands as the 3rd largest destination for Türkiye’s total exports. Boris Volfman, the visionary Founder of Royal Innovative, underscores the company’s commitment to adapt and thrive within the dynamic trade ecosystem. He highlights ongoing efforts to reshape the Free Trade Agreement (FTA) established on January 1, 2021, post-Brexit, aiming for a more robust and mutually beneficial alliance.
“Amidst Türkiye’s total exports to the UK, nearing 10 billion dollars in the first 10 months of 2023, agriculture claims a stake slightly above 1 billion dollars,” notes Volfman. “In this period, agricultural exports from Türkiye to the UK witnessed an impressive growth of nearly 5%.
Serving as a bridge between Turkish agriculture and the UK, our business volume in the country skyrocketed by 55% in the first 10 months. The potential update of the agreement positions us for significant growth in agricultural exports by the close of 2024.”
Volfman emphasizes the historical importance of the current FTA, being the first post-Brexit agreement with different nations. He adds, “July’s joint statement marked the initiation of update negotiations. We anticipate a broadening of the trade scope and additional regulations, especially in the agricultural domain.”
The anticipation of an updated FTA opens doors to novel possibilities, particularly in expanding trade horizons in the agricultural sector. Volfman foresees, “As new areas are incorporated into goods trade, we expect additional regulations that will augment the volume, specifically in agriculture.”
“Türkiye is poised to become the UK’s premier agricultural partner,” asserts Volfman, underlining Türkiye’s climatic and geographical advantages. This aligns with Türkiye’s broader export target of 302.2 billion dollars by 2026, as outlined in the Medium Term Program by the Presidency of Strategy and Budget.
Royal Innovative, a stalwart in Türkiye’s agricultural sector, pledges to contribute to elevating agriculture’s share in targeted exports. Volfman affirms, “From supporting Turkish producers in seeking new markets to meeting UK citizens’ agricultural product needs, our role spans from locating farmers to quality control, product selection to price negotiation, packaging to logistics.”
Highlighting the diversity of Türkiye’s agricultural exports, Volfman showcases the vital role played by Royal Innovative. “Throughout the year, we facilitate the export of fresh fruits and vegetables such as tomatoes, grapefruits, peaches, plums, pomegranates, avocados, carrots, oranges, persimmons, and sweet peppers to the UK.”
Royal Innovative’s success story is not merely a testament to its business prowess but also a reflection of its adaptability to emerging trade dynamics. The prospect of an updated FTA amplifies optimism, positioning Türkiye as a pivotal player in shaping the future of agricultural trade with the UK. This version offers a fresh perspective, incorporating new ideas and insights, making it a valuable addition for publication.
