2024-05-04 05:53:26
Turkish President Recep Tayyip Erdogan confirmed the imposition of a trade embargo with Israel. In response, our country intends to obstruct Turkey‘s trade with the Palestinian Authority and appeal to international organizations.
Economy Minister Nir Barkat met in Paris today with Organization for Economic Co-operation and Development (OECD) Secretary General Matthias Cormann, expressing his concern over Turkey’s actions. He raised the issue of the country’s violation of existing agreements that have existed for 27 years and filed a complaint about this situation.
“Erdogan is a dictator, Europe should restrict his activities in light of violation of maritime trade laws. Turkey’s extreme move could cause a ripple effect and damage the world’s supply chains. This is a violation of the bilateral free trade zone between countries, a violation of WTO and OECD agreements,” – Barkat emphasized.
The second response would be to restrict Turkey’s trade with the Palestinian Authority. This is a completely justified step, given that the bulk of goods pass through Israeli ports. Given the country’s decision to stop exporting through these ports, there are significant barriers to trade.
According to Foreign Minister Israel Katz, Turkey is the main supplier of goods to the Palestinian territories, providing about 18% of all imports. Exports from Israel to Turkey have increased by almost 20% over the past year, mainly due to chemical products.
Earlier, Kursor wrote that Turkish President Recep Tayyip Erdogan explained his country’s decision to stop trade with Israel. He noted that this step is aimed at putting pressure on Israel to achieve a cessation of hostilities in the Gaza Strip.
2024-05-04 05:53:26