World

Turkey says Israel trade halted until permanent Gaza ceasefire

2024.05.03 05:53

Turkey says Israel trade halted until permanent Gaza ceasefire

By Ceyda Caglayan

ISTANBUL (Reuters) -Turkey will not resume trade with Israel, worth around $7 billion a year, until a permanent ceasefire is secured in Gaza with unhindered humanitarian aid flowing to Palestinians there, its trade minister said on Friday.

Israel’s uncompromising attitude and the worsening situation in Gaza prompted Turkey to halt trade, Omer Bolat said in a speech in Istanbul, while announcing April trade figures.

Turkey’s decision, announced late on Thursday, made it the first of Israel’s key trade partners to halt exports and imports over its military campaign in Gaza.

Israel’s Foreign Minister Israel Katz criticised Turkish President Tayyip Erdogan’s move saying it breaks international trade agreements and was “how a dictator behaves”.

Militant group Hamas, which controls Gaza, praised the decision as brave and supportive of Palestinian rights.

Last month, Turkey curbed exports of steel, fertiliser and jet fuel among 54 product categories over what it said was Israel’s refusal to allow Ankara to take part in aid air-drop operations for Gaza.

All remaining trade, which amounted to $5.4 billion in Turkish exports and $1.6 billion in Israeli imports last year, will now be halted.

Top Turkish exports to Israel are steel, vehicles, plastics, electrical devices and machinery, while imports are dominated by fuels at $634 million last year, Turkish trade data show.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 95,805.67 0.57%
ethereum
Ethereum (ETH) $ 2,731.21 2.15%
xrp
XRP (XRP) $ 2.49 3.04%
tether
Tether (USDT) $ 1.00 0.00%
bnb
BNB (BNB) $ 645.01 3.25%
solana
Solana (SOL) $ 160.25 6.44%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.232995 4.93%
cardano
Cardano (ADA) $ 0.744647 3.93%
staked-ether
Lido Staked Ether (STETH) $ 2,722.54 2.15%
tron
TRON (TRX) $ 0.244288 0.82%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 95,804.67 0.41%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,265.39 1.53%
chainlink
Chainlink (LINK) $ 16.92 5.41%
sui
Sui (SUI) $ 3.34 1.08%
avalanche-2
Avalanche (AVAX) $ 24.08 5.96%
stellar
Stellar (XLM) $ 0.322209 3.17%
litecoin
Litecoin (LTC) $ 124.80 1.85%
the-open-network
Toncoin (TON) $ 3.76 0.05%
leo-token
LEO Token (LEO) $ 9.76 0.35%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 4.47%
hedera-hashgraph
Hedera (HBAR) $ 0.205222 3.97%
usds
USDS (USDS) $ 1.00 0.10%
mantra-dao
MANTRA (OM) $ 8.47 1.90%
weth
WETH (WETH) $ 2,733.98 1.99%
hyperliquid
Hyperliquid (HYPE) $ 22.08 8.80%
polkadot
Polkadot (DOT) $ 4.82 4.68%
bitcoin-cash
Bitcoin Cash (BCH) $ 318.68 3.21%
bitget-token
Bitget Token (BGB) $ 4.96 3.10%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.07%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,899.05 1.94%
uniswap
Uniswap (UNI) $ 8.74 3.52%
monero
Monero (XMR) $ 234.98 0.54%
near
NEAR Protocol (NEAR) $ 3.40 1.89%
whitebit
WhiteBIT Coin (WBT) $ 27.51 0.21%
pepe
Pepe (PEPE) $ 0.000009 5.63%
aave
Aave (AAVE) $ 238.72 3.84%
ondo-finance
Ondo (ONDO) $ 1.11 3.19%
dai
Dai (DAI) $ 0.999571 0.05%
bittensor
Bittensor (TAO) $ 413.09 4.56%
aptos
Aptos (APT) $ 5.84 4.16%
internet-computer
Internet Computer (ICP) $ 6.92 3.48%
tokenize-xchange
Tokenize Xchange (TKX) $ 38.90 2.42%
official-trump
Official Trump (TRUMP) $ 15.16 7.00%
ethereum-classic
Ethereum Classic (ETC) $ 20.05 3.11%
mantle
Mantle (MNT) $ 0.895064 2.14%
okb
OKB (OKB) $ 48.50 1.90%
gatechain-token
Gate (GT) $ 22.80 2.55%
susds
sUSDS (SUSDS) $ 1.04 0.08%
sonic-3
Sonic (prev. FTM) (S) $ 0.85914 5.83%