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Israel’s Response to Turkey’s Boycott

The Economy Ministry is promoting new regulations for Israel’s economic relations with Turkey in light of Turkish President Recep Tayyip Erdogan’s increasing antagonism against the Jewish State and support for the Hamas terrorist organization.

The decision follows Erdogan’s decision to impose a trade embargo against Israel, which violates the trade agreement between the countries. The move entails the activation of a control mechanism that includes a licensing requirement that will apply to all products imported from Turkey directly to Israel.

In 2023, imports from Turkey amounted to approximately $5.2 billion. No unique items that are unavailable elsewhere are imported from Turkey, and the Economy and Foreign Ministries are working to find alternative markets to replace Turkey.

In early May, Turkey suspended all export and import operations with Israel due to what it described as its "aggression against Palestine in violation of international law and human rights.”

“Since the first day, our country has rushed to the aid of the people of Gaza, delivered tens of thousands of tons of humanitarian aid … However, the massacre, humanitarian catastrophe, and physical destruction caused by Israel continued, and the Israeli government ignored international ceasefire efforts and prevented humanitarian aid,” the Turkish Trade Ministry said.

The trade embargo was announced several weeks after Turkey restricted exports to Israel of 54 product categories. (INN / VFI News)