Israel takes countermeasures against Türkiye after trade suspension

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Israel takes countermeasures against Türkiye after trade suspension

Israeli Ministry of Foreign Affairs announced on Friday several measures to be taken against Türkiye following the latter's decision to halt all trade activities with Israel due to "non-stop violence" against Palestinians in the Gaza Strip, reported Xinhua.

The ministry said in a statement that in a discussion carried out by senior officials from the foreign and economy ministries, as well as the Israel Tax Authority, it was decided to work towards reducing any economic connection between Türkiye and the West Bank and Gaza.

Additionally, it was decided to take action in international economic forums to explore sanctions against Türkiye for violating trade agreements, to create an alternative list for the Israeli economy across various sectors and products, and to support affected Israeli export sectors.

It noted that Türkiye is the Palestinian Authority's largest importing country.

According to Israel's Central Bureau of Statistics, in 2023, Israeli exports of goods to Türkiye amounted to 1.57 billion U.S. dollars, while Israeli imports from Türkiye reached 4.61 billion dollars.

Meanwhile, Israel filed a complaint to the Organization for Economic Cooperation and Development (OECD) against Türkiye for its decision to suspend trade, said a statement from Israel's Economy Minister Nir Barkat.

Both Türkiye and Israel are OECD member countries.

Source: www.dailyfinland.fi

7 Comments
  1. Emily97 says

    It’s unfortunate to see the escalating tensions between Israel and Türkiye affecting trade relations. Both countries should prioritize diplomatic solutions to resolve conflicts peacefully.

  2. MeganSmith says

    I believe that both countries need to find a diplomatic solution to resolve their differences without further escalating tensions. It is crucial to prioritize peace and dialogue in the region over punitive actions that could harm innocent civilians.

  3. EmilySmith91 says

    Israel’s response seems justified considering the circumstances. It’s crucial to uphold trade agreements, but not at the expense of ignoring humanitarian concerns. Both countries should focus on finding a diplomatic solution to the ongoing conflict.

  4. Emily89 says

    It’s concerning to see how swiftly the tensions between Israel and Türkiye are escalating due to the recent trade suspension. I hope both countries can find a peaceful resolution to this conflict for the sake of stability in the region.

  5. RachelGold says

    As an Israeli citizen, I believe it’s crucial for our government to take a firm stance against Türkiye’s trade suspension. We cannot ignore the ongoing violence against Palestinians in Gaza, and measures must be implemented to address this issue diplomatically and economically.

  6. EmilySmith says

    As an international affairs analyst, I believe Israel’s move against Türkiye could further escalate tensions in the region. It’s crucial for both countries to engage in dialogue and find peaceful solutions to resolve their differences.

  7. Emily_1987 says

    As an international relations expert, I believe that the escalating trade tensions between Israel and Türkiye are concerning. It’s crucial for both countries to find a diplomatic solution to this issue and avoid further economic repercussions.

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