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Home Diplomacy

Turkiye has ceased all trade with Israel as of Thursday

News Desk by News Desk
May 3, 2024
in Diplomacy, Europe
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Turkiye has ceased all trade with Israel as of Thursday
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Turkey has announced a freeze on all trade with Israel until humanitarian aid is allowed to reach Gaza, citing the worsening situation in the region. This decision marks a significant escalation in tensions between the two countries and underscores Turkey’s commitment to supporting the Palestinian cause amidst ongoing conflict.

The Turkish Ministry of Trade declared the suspension of all import and export transactions with Israel, emphasizing the need for uninterrupted humanitarian assistance to Gaza. Last year, business deals between Turkey and Israel were valued at almost $7 billion (€6.5 billion), highlighting the substantial economic impact of this trade suspension. This move comes after Turkey had previously imposed restrictions on the export of certain products to Israel, including aluminium, steel, and chemical fertilizers. Israel retaliated by imposing its own trade barriers, exacerbating the trade dispute between the two nations.

Israeli Foreign Minister Israel Katz condemned Turkish President Recep Tayyip Erdogan’s actions, accusing him of disregarding the interests of both Turkish citizens and international trade agreements. However, Erdogan has been outspoken in his criticism of Israel’s military offensive in Gaza, characterizing Hamas as freedom fighters and condemning Israel for alleged war crimes and genocide.

President Erdogan’s decision to suspend all trade with Israel reflects growing domestic pressure and aligns with his vocal support for the Palestinian cause. Turkey, which was the first Muslim-majority nation to recognize Israel in 1949, has seen strained relations with Israel in recent years due to ongoing conflicts in Gaza and the West Bank.

Turkey’s decision to freeze all trade with Israel underscores its commitment to supporting the Palestinian people and condemning Israel’s actions in Gaza. With business deals valued at almost $7 billion last year, the economic impact of this trade suspension is significant. The move represents a significant escalation in tensions between the two countries and reflects Turkey’s determination to uphold its principles in the face of humanitarian crises. As the situation continues to evolve, it remains to be seen how this trade dispute will impact diplomatic relations between Turkey and Israel in the long term.

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