Turkey and Israel have announced reciprocal trade barriers as their relations worsen due to the conflict in Gaza. Turkey has restricted exports of 54 products to Israel, including aluminum, steel, construction products, jet fuel, and chemical fertilizers. In response, Israel is preparing to ban products from Turkey.
FILE - A woman waves flags in support of Palestinians in Gaza during a protest in Istanbul, Turkey , Friday, April 5, 2024. Turkey and Israel announced tit-for-tat trade barriers on Tuesday, April 9, 2024, as relations between them further deteriorated amid the war in Gaza . Turkey , a staunch critic of Israel s military actions in Gaza , first announced that it was restricting exports of 54 types of products to Israel with immediate effect.
Erdogan, whose ruling party has roots in Turkey’s Islamic movement, has been an outspoken critic of Israel’s treatment of the Palestinians since coming into office in 2003. In a post on X, Israeli Foreign Minister Israel Katz said Erdogan was “once again sacrificing the economic interests of the people of Turkey for his support of the Hamas murderers in Gaza.”
Turkey Israel Trade Barriers Relations Gaza Exports Products Aluminum Steel Construction Jet Fuel Chemical Fertilizers
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trade Volume Between Türkiye and Israel Declines SignificantlyThe trade volume between Türkiye and Israel has declined significantly since Israel's invasion of Gaza began last year, data from the Turkish Trade Ministry suggests. From October 7 to March 20 this year, the total Türkiye-Israel trade volume fell by nearly 33 percent, according to information compiled by the Figures sourced from the Trade Ministry and compiled by Anadolu reveal a substantial 33 percent decrease in Türkiye's trade interaction with Israel from October 7, 2023, to March 20, 2024. Meanwhile, Türkiye's exports to Israel fell 30 percent, while its imports decreased by 43.4 percent. Turkish nationals and companies have been gradually cancelling sales and orders with Israel, while trade is mostly with private firms, including some international ones, rather than state enterprises. Goods sent from Türkiye to Palestine pass through Israel and its customs gates due to Palestine's lack of its own customs facilities. Goods destined for Palestine are required to be labelled for Israel or include the phrase "via Israel." In addition, Israel does not recognise legal relations between Palestine and third countries, while it refuses to allow commercial transactions through the Rafah Border Crossing with Egypt. As a result, trade between third countries and Palestine is logged overwhelmingly as trade with Israel in data reflected in national statistics.
Read more »
Turkey and Israel engage in trade tit-for-tat as relations deteriorate furtherTurkey and Israel have announced tit-for-tat trade barriers as relations between them further deteriorate amid the war in Gaza.
Read more »
Turkey and Israel engage in trade tit-for-tat as relations deteriorate furtherTurkey and Israel have announced tit-for-tat trade barriers as relations between them further deteriorated amid the war in Gaza
Read more »
Turkey and Israel Announce Trade Barriers Amid Deteriorating RelationsTurkey and Israel have imposed trade barriers on each other as relations worsen due to the conflict in Gaza. Turkey restricted exports of 54 products to Israel, including aluminum, steel, and jet fuel. In response, Israel is preparing to ban products from Turkey. The tensions escalated after Israel barred Turkish military cargo planes from delivering humanitarian aid to Gaza.
Read more »
Israel-Hamas war live updates: Biden says Netanyahu 'hurting Israel more than helping Israel'This is additional taxonomy that helps us with analytics
Read more »
NFL Trade Rumors: Zach Wilson's Trade Market Waning Due to Contract, NeedNew York Jets quarterback Zach Wilson reportedly has no value in the trade market.
Read more »