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Friday, May 3, 2024

Türkiye announces suspension of trade with Israel

Trade between the two countries amounted to $6.8 billion in 2023, with Turkish exports accounting for 76 per cent of the total.

• May 3, 2024
Recep Erdoğan and Benjamin Netanyahu
Recep Erdoğan and Benjamin Netanyahu

Türkiye has stopped all trade activities with Israel due to the latter’s “non-stop violence” against Palestinians in the Gaza Strip, the Turkish Trade Ministry says.

The move follows Türkiye’s imposition of restrictions on an array of exports to Israel since last month, which Ankara said would remain in effect until a ceasefire in Gaza is achieved.

In a statement, the ministry recalled that Ankara previously restricted the export of 54 product groups to Israel in April because the “massacre, humanitarian catastrophe and physical destruction caused by Israel continued.”

“The Israeli government continued to ‘ignored’ international ceasefire efforts and blocked humanitarian aid. It is observed that the Israeli government continues its aggressive behaviour and the humanitarian tragedy in Palestline worsens.

“In this respect, the second phase of the measures taken at the state level has been initiated and export and import transactions with Israel have been suspended for all products,” said the statement.

Türkiye will strictly and decisively implement these new measures until the Israeli government allows the uninterrupted and sufficient flow of humanitarian aid to Gaza, it added.

On the other hand, the Turkish Trade Ministry is coordinating with Palestinian authorities to ensure that Palestinian people “who are forced to live under occupation” are not affected by these restrictions, the ministry noted.

According to the Turkish Statistical Institute, trade between the two countries amounted to $6.8 billion in 2023, with Turkish exports accounting for 76 per cent of the total.

(Xinhua/NAN)

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