Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Turkey stops trade with Israel


May, 03 2024
watermark Economic news

Turkey has suspended all trade with Israel, heightening already high tensions between the two countries over the armed conflict in Gaza.


The move expands restrictions on the export of some Turkish goods to Israel imposed last month. There has not yet been an official statement on this suspension, and the conditions for resuming trade are unknown.


Israel's Foreign Minister, Yisrael Katz, commented on Turkey's actions, calling them dictatorial, and expressed regret for the harm they would cause to the Turkish people and the business community. The minister also announced the Israeli government's plans to create immediate alternatives to trade with Turkey by increasing local production and finding other suppliers.


In 2023, the main goods that Turkey exported to Israel were iron and steel, while the main imports were petroleum products.


Relations between Israel and Turkey were restored last August after a decade-long period of tension. However, the conflict between Hamas and Israel in Gaza has once again inflamed the situation.


Turkish President Erdogan supported Hamas militants, calling them «freedom fighters» and criticized Israel's actions during the military operations. Unlike the United States and the European Union, Turkey does not recognize Hamas as a terrorist organization. Erdogan also met with the political leader of Hamas in Istanbul in April.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.