Russia cannot export flour at competitive prices due to Turkey's violation of WTO rules

Published 2023년 9월 6일

Tridge summary

The Russian Grain Union claims that Russia cannot export flour competitively due to Turkey violating WTO rules by cross-subsidizing its flour exports. Russia is capable of processing its own grain and producing flour that is just as good as Turkish flour, but they lack the funds to take legal action against Turkey at the WTO. Currently, Russia and Turkey are discussing a plan where Russian grain will be sent to Turkey for processing into flour and then distributed to needy countries with the assistance of Arab funds on favorable terms.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This opinion is shared by the Russian Grain Union Russia cannot export flour at competitive prices due to Turkey's violation of World Trade Organization (WTO) rules. This was announced to journalists by the President of the Russian Grain Union Arkady Zlochevsky, follows from the broadcast of a press conference at the Rossiya Segodnya news agency. At the same time, according to the expert, the underutilization of flour-grinding capacities in Russia reaches 50%. “We can process the grain ourselves, and our flour will be in no way inferior to Turkish flour. But there is one caveat: Türkiye cross-subsidizes exports, which is prohibited by the WTO. But just for working out the case against Turkey in the WTO, they demanded $3 million from us, the Grain Union does not have that kind of money... The Turks can dump, and therefore Turkey has become the leader in flour supplies in the world. Previously it was Kazakhstan (1.5 million tons now, there were 3 million tons). Indonesia, for ...
Source: Zol

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