In a significant development, Turkey has confirmed the suspension of all trade with Israel due to the ongoing military conflict in Gaza. This decision marks a new chapter in the strained relations between the two nations, which were once close allies.
The suspension covers all imports and exports between the two countries. The Turkish Trade Ministry stated that these measures would remain in place until Israel allows an “uninterrupted and sufficient flow” of humanitarian aid into Gaza.
This decision comes in the wake of escalating tensions in the region, with the humanitarian situation in Gaza worsening. The trade between the two countries was worth almost $7 billion last year, indicating the significant economic impact this decision could have.
The Turkish government has been a vocal critic of Israel’s military actions in Gaza. Last month, Turkey restricted exports of 54 types of products to Israel, including aluminum, steel, construction products, and chemical fertilizers. In response, Israel also announced trade barriers.
Israel’s Foreign Minister, Israel Katz, accused Turkish President Recep Tayyip Erdogan of acting like a “dictator” and “disregarding the interests of the Turkish people and businessmen and ignoring international trade agreements”. He added that he had instructed the foreign ministry to find alternatives for trade with Turkey, focusing on local production and imports from other countries.
The Turkish government, under intense domestic pressure to halt trade with Israel, has been accused of engaging in double standards by leveling strong accusations against Israel while pressing ahead with commercial relations. Critics argue that this move is more about politics than economics, reflecting the broader geopolitical tensions in the region.
The suspension of trade is a clear indication of the deteriorating relations between Turkey and Israel. It remains to be seen how this decision will impact the already tense situation in the Middle East and whether it will lead to any changes in the ongoing conflict in Gaza.
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